Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is RFG Advisory LLC’s 8th Largest Position

RFG Advisory LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,190 shares of the company’s stock after buying an additional 46,130 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 2.2% of RFG Advisory LLC’s investment portfolio, making the stock its 8th biggest holding. RFG Advisory LLC owned 0.21% of Invesco NASDAQ 100 ETF worth $70,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after purchasing an additional 283,257 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco NASDAQ 100 ETF by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after purchasing an additional 80,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock valued at $279,551,000 after buying an additional 83,702 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.1 %

Shares of NASDAQ:QQQM opened at $202.20 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The stock has a market cap of $34.48 billion, a P/E ratio of 34.39 and a beta of 1.18. The company has a 50 day moving average of $196.24 and a 200 day moving average of $191.15.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%.

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.