Congress Wealth Management LLC DE Boosts Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Congress Wealth Management LLC DE increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,951 shares of the company’s stock after buying an additional 880 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Invesco NASDAQ 100 ETF were worth $2,305,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in QQQM. Samalin Investment Counsel LLC grew its position in Invesco NASDAQ 100 ETF by 15.2% during the 4th quarter. Samalin Investment Counsel LLC now owns 1,450 shares of the company’s stock worth $305,000 after purchasing an additional 191 shares during the last quarter. Summit Global Investments grew its holdings in shares of Invesco NASDAQ 100 ETF by 27.6% during the fourth quarter. Summit Global Investments now owns 2,018 shares of the company’s stock worth $425,000 after buying an additional 436 shares during the last quarter. Kiker Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $4,159,000. Sandy Spring Bank raised its stake in Invesco NASDAQ 100 ETF by 629.8% during the 4th quarter. Sandy Spring Bank now owns 832 shares of the company’s stock valued at $175,000 after acquiring an additional 718 shares during the last quarter. Finally, Next Capital Management LLC raised its stake in Invesco NASDAQ 100 ETF by 19.9% during the 4th quarter. Next Capital Management LLC now owns 4,928 shares of the company’s stock valued at $1,037,000 after acquiring an additional 817 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.8 %

Shares of QQQM stock opened at $199.42 on Thursday. The company has a market capitalization of $39.60 billion, a P/E ratio of 30.79 and a beta of 1.18. The business’s 50 day moving average is $210.03 and its two-hundred day moving average is $207.81. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Monday, March 24th.

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.