Smith Chas P & Associates PA Cpas Has $27.35 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Smith Chas P & Associates PA Cpas grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,952 shares of the company’s stock after acquiring an additional 1,666 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.6% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 28th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Invesco NASDAQ 100 ETF were worth $27,348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of QQQM. Financial Management Professionals Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Kieckhefer Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $32,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $40,000.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

QQQM opened at $218.05 on Friday. 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 $213.18 and its two-hundred day moving average price is $203.03. The stock has a market cap of $42.31 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 announced 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.