MONECO Advisors LLC Raises Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

MONECO Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 161.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,887 shares of the company’s stock after purchasing an additional 4,870 shares during the period. MONECO Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Sequoia Financial Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the period. Allworth Financial LP raised its holdings in shares of Invesco NASDAQ 100 ETF by 25.2% in the third quarter. Allworth Financial LP now owns 1,796 shares of the company’s stock worth $361,000 after buying an additional 361 shares during the period. NorthCrest Asset Manangement LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $304,000. Masso Torrence Wealth Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 26.5% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,287 shares of the company’s stock worth $259,000 after buying an additional 270 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $208,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $216.61 on Friday. The business’s 50 day moving average price is $215.48 and its 200-day moving average price is $206.10. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF Company 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.