Sowell Financial Services LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sowell Financial Services LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 31,721 shares of the company’s stock, valued at approximately $6,676,000.

Several other institutional investors have also recently added to or reduced their stakes in QQQM. Financial Management Professionals Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Kieckhefer Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Blue Trust Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after buying an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.7 %

Shares of NASDAQ QQQM opened at $202.50 on Friday. The stock has a market cap of $40.21 billion, a P/E ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64. The stock has a 50 day moving average of $213.61 and a two-hundred day moving average of $207.46.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company 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.