TruWealth Advisors LLC Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

TruWealth Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.1% during the 4th quarter, HoldingsChannel reports. The firm owned 175,664 shares of the company’s stock after buying an additional 136 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.2% of TruWealth Advisors LLC’s investment portfolio, making the stock its 14th largest holding. TruWealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,969,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQM. Sequoia Financial Advisors LLC lifted its position 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 worth $240,000 after purchasing an additional 74 shares during the period. Creative Planning raised its stake in 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 buying an additional 2,149 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in 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 valued at $279,000 after acquiring an additional 242 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 60.8% in the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after acquiring an additional 284 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after acquiring an additional 9,469 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $214.78 on Friday. The stock’s 50-day moving average is $212.38 and its 200 day moving average is $202.55. Invesco NASDAQ 100 ETF has a 1-year low of $168.46 and a 1-year high of $221.92. The company has a market cap of $39.76 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

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