Kingsview Wealth Management LLC Grows Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingsview Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.8% in the fourth quarter, Holdings Channel reports. The firm owned 33,723 shares of the company’s stock after purchasing an additional 2,730 shares during the period. Kingsview Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,097,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Kieckhefer Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth $32,000. Mendota Financial Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth $40,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth $43,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $215.35 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92. The firm has a fifty day moving average of $214.59 and a 200 day moving average of $203.98. The firm has a market capitalization of $42.76 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

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