Envestnet Portfolio Solutions Inc. Increases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Envestnet Portfolio Solutions Inc. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 171.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,779 shares of the company’s stock after acquiring an additional 23,231 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Assetmark Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 60.8% in the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after purchasing an additional 284 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Invesco NASDAQ 100 ETF by 15.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 251,939 shares of the company’s stock valued at $50,602,000 after purchasing an additional 33,568 shares during the last quarter. Theory Financial LLC raised its position in shares of Invesco NASDAQ 100 ETF by 32.2% in the 3rd quarter. Theory Financial LLC now owns 30,408 shares of the company’s stock valued at $6,055,000 after purchasing an additional 7,404 shares during the last quarter. MAI Capital Management raised its position in shares of Invesco NASDAQ 100 ETF by 24.0% in the 3rd quarter. MAI Capital Management now owns 22,095 shares of the company’s stock valued at $4,438,000 after purchasing an additional 4,283 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 7.4% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 9,620 shares of the company’s stock worth $1,932,000 after buying an additional 662 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.6 %

QQQM opened at $198.76 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The firm has a market capitalization of $39.47 billion, a PE ratio of 30.79 and a beta of 1.18. The firm has a 50 day moving average of $211.65 and a two-hundred day moving average of $207.54.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders 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 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.