Wealth Enhancement Advisory Services LLC Buys 194,261 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Wealth Enhancement Advisory Services LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,651,789 shares of the company’s stock after buying an additional 194,261 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 0.7% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 22nd biggest position. Wealth Enhancement Advisory Services LLC owned approximately 0.90% of Invesco NASDAQ 100 ETF worth $331,762,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. National Bank of Canada FI boosted its stake in Invesco NASDAQ 100 ETF by 72.7% during the 2nd quarter. National Bank of Canada FI now owns 190 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Mendota Financial Group LLC bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $40,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $43,000.

Invesco NASDAQ 100 ETF Trading Down 1.9 %

Shares of NASDAQ:QQQM traded down $4.02 during mid-day trading on Friday, hitting $208.15. 1,194,470 shares of the company traded hands, compared to its average volume of 2,326,667. The stock has a market cap of $38.39 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock has a 50-day moving average price of $211.79 and a two-hundred day moving average price of $201.98. Invesco NASDAQ 100 ETF has a 12-month low of $165.86 and a 12-month high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

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

Invesco NASDAQ 100 ETF Profile

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.