Truist Financial Corp Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Truist Financial Corp grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.1% in the 4th quarter, HoldingsChannel reports. The firm owned 189,568 shares of the company’s stock after acquiring an additional 15,842 shares during the quarter. Truist Financial Corp’s holdings in Invesco NASDAQ 100 ETF were worth $39,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after acquiring an additional 6,174,281 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 13.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after acquiring an additional 754,700 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of Invesco NASDAQ 100 ETF by 30.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after acquiring an additional 713,000 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 13.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,789 shares of the company’s stock worth $331,762,000 after acquiring an additional 194,261 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after acquiring an additional 324,887 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $222.09 on Wednesday. The company has a market capitalization of $44.10 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.28. The stock has a fifty day moving average of $215.19 and a 200-day moving average of $205.35.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date of this dividend 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.