Marshall Financial Group LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Marshall Financial Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,305 shares of the company’s stock after purchasing an additional 693 shares during the quarter. Marshall Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,116,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in QQQM. Marshall Wace LLP purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $1,891,000. AQR Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $1,648,000. Oliver Lagore Vanvalin Investment Group increased its position in Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 39,553 shares of the company’s stock worth $7,796,000 after purchasing an additional 2,338 shares during the last quarter. Sepio Capital LP raised its stake in Invesco NASDAQ 100 ETF by 83.7% during the second quarter. Sepio Capital LP now owns 5,471 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,493 shares during the period. Finally, Goodman Advisory Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 6.3% in the 2nd quarter. Goodman Advisory Group LLC now owns 5,403 shares of the company’s stock valued at $1,065,000 after purchasing an additional 322 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

Shares of NASDAQ QQQM opened at $218.05 on Friday. The stock has a market capitalization of $42.31 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a fifty day moving average of $213.18 and a 200-day moving average of $203.03. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared 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 of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company 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.