Independent Advisor Alliance Acquires New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Independent Advisor Alliance purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 654,262 shares of the company’s stock, valued at approximately $137,690,000. Invesco NASDAQ 100 ETF accounts for about 1.8% of Independent Advisor Alliance’s holdings, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $31,000. Kieckhefer Group LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Blue Trust Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $49,000. Finally, Hobbs Group Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 257.1% in the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after acquiring an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

Invesco NASDAQ 100 ETF stock opened at $202.50 on Monday. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. The business has a 50-day simple moving average of $213.61 and a 200 day simple moving average of $207.52. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.