Kingswood Wealth Advisors LLC Raises Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingswood Wealth Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 60.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,915 shares of the company’s stock after acquiring an additional 4,129 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,297,000 as of its most recent SEC filing.

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

Invesco NASDAQ 100 ETF Trading Down 2.9 %

Invesco NASDAQ 100 ETF stock opened at $211.71 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $221.92. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average of $213.18 and a 200 day moving average of $203.01.

Invesco NASDAQ 100 ETF Dividend Announcement

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