Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 50.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,961 shares of the company’s stock after buying an additional 39,468 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.06% of Invesco NASDAQ 100 ETF worth $24,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Financial Concepts LLC boosted its holdings 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 purchasing an additional 6,174,281 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $374,557,000. IMC Chicago LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $208,737,000. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 30.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after buying an additional 713,000 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $137,690,000.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

Shares of QQQM opened at $198.24 on Friday. The stock has a fifty day simple moving average of $209.77 and a two-hundred day simple moving average of $207.75. The company has a market capitalization of $39.36 billion, a PE ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.3176 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Monday, March 24th.

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.