Merit Financial Group LLC Purchases 754 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Merit Financial Group LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,797 shares of the company’s stock after purchasing an additional 754 shares during the period. Merit Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. LPL Financial LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after acquiring an additional 428,164 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Invesco NASDAQ 100 ETF by 8.4% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock worth $500,196,000 after purchasing an additional 262,963 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 25.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after purchasing an additional 254,025 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco NASDAQ 100 ETF by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock worth $170,669,000 after purchasing an additional 94,790 shares during the period. Finally, Mainstay Capital Management LLC ADV lifted its position in Invesco NASDAQ 100 ETF by 53.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock worth $176,150,000 after purchasing an additional 362,075 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $181.19 on Tuesday. Invesco NASDAQ 100 ETF has a one year low of $132.15 and a one year high of $184.88. The stock has a market cap of $23.50 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock has a fifty day moving average price of $179.68 and a 200 day moving average price of $170.12.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.3454 per share. This represents a $1.38 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Monday, March 18th.

About Invesco NASDAQ 100 ETF

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.