Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Holdings Raised by SMI Advisory Services LLC

SMI Advisory Services LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.4% in the fourth quarter, HoldingsChannel reports. The fund owned 292,005 shares of the company’s stock after acquiring an additional 69,855 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 14.0% of SMI Advisory Services LLC’s portfolio, making the stock its largest position. SMI Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $60,778,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 6.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after buying an additional 74 shares during the period. Creative Planning grew its stake in shares of Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after acquiring an additional 2,149 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 20.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,413 shares of the company’s stock worth $279,000 after purchasing an additional 242 shares during the last quarter. Assetmark Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 60.8% during the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after purchasing an additional 284 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after purchasing an additional 9,469 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $218.83 on Thursday. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $221.92. The stock has a market cap of $42.36 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a fifty day moving average price of $212.55 and a 200 day moving average price of $202.73.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid 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.