Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 344,855 shares of the company’s stock after acquiring an additional 43,957 shares during the quarter. Invesco NASDAQ 100 ETF comprises 5.7% of Sax Wealth Advisors LLC’s holdings, making the stock its 3rd largest position. Sax Wealth Advisors LLC owned 0.19% of Invesco NASDAQ 100 ETF worth $72,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQM. Brand Asset Management Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 2.3% during the fourth quarter. Brand Asset Management Group Inc. now owns 4,499 shares of the company’s stock worth $947,000 after acquiring an additional 100 shares during the last quarter. Kaye Capital Management raised its holdings in Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Kaye Capital Management now owns 20,423 shares of the company’s stock valued at $4,298,000 after acquiring an additional 397 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.0% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 11,398 shares of the company’s stock worth $2,399,000 after purchasing an additional 337 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 8.3% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 33,237 shares of the company’s stock worth $6,995,000 after purchasing an additional 2,556 shares during the last quarter. Finally, Procyon Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 51.0% in the fourth quarter. Procyon Advisors LLC now owns 3,472 shares of the company’s stock valued at $731,000 after purchasing an additional 1,172 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $214.78 on Friday. The stock has a 50 day moving average price of $212.38 and a 200 day moving average price of $202.53. The stock has a market cap of $39.76 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $168.46 and a one year high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued 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.