AssuredPartners Investment Advisors LLC Invests $7.35 Million in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

AssuredPartners Investment Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 34,945 shares of the company’s stock, valued at approximately $7,354,000. Invesco NASDAQ 100 ETF comprises about 1.4% of AssuredPartners Investment Advisors LLC’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Calton & Associates Inc. boosted its position in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock valued at $490,000 after acquiring an additional 46 shares during the last quarter. Montag A & Associates Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 15.5% during the 4th quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock valued at $78,000 after purchasing an additional 50 shares in the last quarter. Fulcrum Equity Management grew its stake in Invesco NASDAQ 100 ETF by 3.3% during the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after purchasing an additional 56 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after purchasing an additional 56 shares in the last quarter. Finally, Proactive Wealth Strategies LLC lifted its stake in Invesco NASDAQ 100 ETF by 1.4% in the fourth quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock valued at $886,000 after buying an additional 59 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.8 %

Shares of QQQM stock opened at $199.42 on Thursday. The firm has a 50 day moving average of $210.03 and a 200-day moving average of $207.81. The company has a market cap of $39.60 billion, a price-to-earnings ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.3176 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.