Nations Financial Group Inc. IA ADV Increases Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Nations Financial Group Inc. IA ADV grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,714 shares of the company’s stock after buying an additional 83 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Invesco NASDAQ 100 ETF were worth $794,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Next Capital Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 3.6% during the 4th quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock worth $304,000 after purchasing an additional 62 shares during the period. Emerald Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.7% during the fourth quarter. Emerald Advisors LLC now owns 5,955 shares of the company’s stock worth $1,004,000 after buying an additional 98 shares during the last quarter. Larson Financial Group LLC increased its position in Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 106 shares during the period. West Michigan Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 3.0% during the 3rd quarter. West Michigan Advisors LLC now owns 3,930 shares of the company’s stock valued at $579,000 after acquiring an additional 113 shares during the last quarter. Finally, Teamwork Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 0.5% during the 4th quarter. Teamwork Financial Advisors LLC now owns 22,263 shares of the company’s stock worth $3,752,000 after acquiring an additional 118 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.0 %

Shares of NASDAQ QQQM traded up $1.78 during mid-day trading on Monday, hitting $188.48. 1,484,300 shares of the company were exchanged, compared to its average volume of 1,789,839. Invesco NASDAQ 100 ETF has a 1-year low of $138.50 and a 1-year high of $189.56. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a 50 day simple moving average of $180.74 and a 200-day simple moving average of $173.82.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.3454 per share. The ex-dividend date was Monday, March 18th. This represents a $1.38 annualized dividend and a yield of 0.73%.

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.