Transamerica Financial Advisors Inc. Buys 2,743 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Transamerica Financial Advisors Inc. raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,766 shares of the company’s stock after purchasing an additional 2,743 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.5% of Transamerica Financial Advisors Inc.’s portfolio, making the stock its 12th biggest holding. Transamerica Financial Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $15,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Strategic Financial Concepts LLC grew its holdings in Invesco NASDAQ 100 ETF by 26,756.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after purchasing an additional 6,174,281 shares during the period. First Command Advisory Services Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock worth $1,021,296,000 after acquiring an additional 37,600 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in shares of Invesco NASDAQ 100 ETF by 30.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after acquiring an additional 713,000 shares during the last quarter. Meitav Investment House Ltd. raised its stake in Invesco NASDAQ 100 ETF by 12.7% in the 4th quarter. Meitav Investment House Ltd. now owns 1,791,275 shares of the company’s stock valued at $376,669,000 after acquiring an additional 201,737 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $374,557,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $193.08 on Friday. The firm’s fifty day moving average price is $209.34 and its two-hundred day moving average price is $207.79. The company has a market cap of $38.34 billion, a P/E ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued 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 was Monday, March 24th.

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.