Merit Financial Group LLC Raises Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Merit Financial Group LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,797 shares of the company’s stock after purchasing an additional 754 shares during the period. Merit Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $30,000. Larson Financial Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $34,000. Addison Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $36,000. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $42,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $181.19 on Tuesday. Invesco NASDAQ 100 ETF has a 12 month low of $132.15 and a 12 month high of $184.88. The firm has a market capitalization of $23.50 billion, a PE ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average price is $179.68 and its 200 day moving average price is $170.12.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.76%.

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.