Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Raised by Modera Wealth Management LLC

Modera Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,494 shares of the company’s stock after buying an additional 590 shares during the quarter. Modera Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,367,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $32,000. Blue Trust Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after purchasing an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 2.2 %

NASDAQ:QQQM opened at $204.75 on Tuesday. The company’s 50 day moving average is $214.72 and its 200-day moving average is $207.35. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $222.64. The firm has a market cap of $40.66 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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