Sugarloaf Wealth Management LLC Raises Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sugarloaf Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,046 shares of the company’s stock after purchasing an additional 68 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. HBW Advisory Services LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 16.7% in the fourth quarter. HBW Advisory Services LLC now owns 29,976 shares of the company’s stock valued at $6,308,000 after buying an additional 4,290 shares in the last quarter. Highline Wealth Partners LLC grew its position in Invesco NASDAQ 100 ETF by 5.7% in the fourth quarter. Highline Wealth Partners LLC now owns 16,298 shares of the company’s stock valued at $3,430,000 after acquiring an additional 876 shares in the last quarter. Ridgewood Investments LLC grew its position in Invesco NASDAQ 100 ETF by 34.8% in the fourth quarter. Ridgewood Investments LLC now owns 426 shares of the company’s stock valued at $90,000 after acquiring an additional 110 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 13.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,789 shares of the company’s stock valued at $331,762,000 after purchasing an additional 194,261 shares during the period. Finally, ORG Partners LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 184.3% during the fourth quarter. ORG Partners LLC now owns 58,031 shares of the company’s stock worth $12,213,000 after purchasing an additional 37,621 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded down $2.59 during trading hours on Friday, reaching $209.58. 2,040,060 shares of the stock traded hands, compared to its average volume of 2,468,677. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.86 and a fifty-two week high of $221.92. The company has a market cap of $38.65 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm’s fifty day simple moving average is $211.79 and its two-hundred day simple moving average is $201.98.

Invesco NASDAQ 100 ETF Announces Dividend

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