Fusion Family Wealth LLC Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Fusion Family Wealth LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 156,818 shares of the company’s stock after acquiring an additional 9,017 shares during the period. Invesco NASDAQ 100 ETF makes up 3.0% of Fusion Family Wealth LLC’s investment portfolio, making the stock its 13th largest position. Fusion Family Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,002,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Kieckhefer Group LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $32,000. Mendota Financial Group LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $43,000.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

QQQM opened at $215.95 on Wednesday. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $221.92. The company’s 50-day moving average price is $213.98 and its two-hundred day moving average price is $203.53. The stock has a market cap of $42.83 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

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