Maridea Wealth Management LLC Purchases New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Maridea Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,618 shares of the company’s stock, valued at approximately $1,182,000.

Several other large investors have also recently bought and sold shares of QQQM. Apollon Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 793.0% in the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after buying an additional 67,604 shares in the last quarter. HighTower Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 26.4% in the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after acquiring an additional 9,469 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 9,318.8% in the third quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock worth $303,000 after acquiring an additional 1,491 shares in the last quarter. Bank of Montreal Can raised its position in shares of Invesco NASDAQ 100 ETF by 2,926.5% during the third quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after purchasing an additional 20,310 shares during the period. Finally, SeaCrest Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 9.1% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,154 shares of the company’s stock valued at $243,000 after purchasing an additional 96 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $193.08 on Friday. The stock has a 50 day simple moving average of $209.34 and a 200 day simple moving average of $207.79. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The firm has a market capitalization of $38.34 billion, a PE ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.