Purus Wealth Management LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Purus Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 407.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,557 shares of the company’s stock after buying an additional 10,883 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.1% of Purus Wealth Management LLC’s holdings, making the stock its 22nd biggest holding. Purus Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of QQQM. Fulcrum Equity Management lifted its position in Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after purchasing an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $431,000 after purchasing an additional 68 shares during the period. Northstar Group Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the period. Finally, Zhang Financial LLC grew its stake in Invesco NASDAQ 100 ETF by 2.8% during the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.7 %

Shares of QQQM opened at $214.78 on Monday. The company’s 50 day simple moving average is $212.38 and its 200-day simple moving average is $202.55. The firm has a market cap of $39.76 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $168.46 and a 12-month high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

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.