Sowell Financial Services LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sowell Financial Services LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,721 shares of the company’s stock, valued at approximately $6,676,000.

Several other hedge funds have also recently modified their holdings of QQQM. Financial Management Professionals Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $32,000. Blue Trust Inc. acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $49,000. Finally, Hobbs Group Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 257.1% in the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after acquiring an additional 180 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $202.50 on Friday. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64. The company has a market cap of $40.21 billion, a P/E ratio of 33.44 and a beta of 1.18. The business has a fifty day moving average of $213.61 and a two-hundred day moving average of $207.46.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced 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 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.