Rik Saylor Financial Inc. Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rik Saylor Financial Inc. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,482 shares of the company’s stock, valued at approximately $1,364,000. Invesco NASDAQ 100 ETF comprises approximately 1.3% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also made changes to their positions in QQQM. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Mendota Financial Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $43,000.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

QQQM stock opened at $216.90 on Thursday. The company has a market cap of $43.02 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $221.92. The business has a 50 day moving average price of $214.10 and a two-hundred day moving average price of $203.67.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.3103 dividend. 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.