Avantax Advisory Services Inc. Acquires 23,173 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Avantax Advisory Services Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 249,313 shares of the company’s stock after acquiring an additional 23,173 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $52,468,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Kieckhefer Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $32,000. Blue Trust Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $49,000. Finally, Hobbs Group Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 257.1% during the 3rd quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after purchasing an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $194.13 on Wednesday. The company has a market capitalization of $38.55 billion, a price-to-earnings ratio of 33.44 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. The company’s fifty day moving average price is $212.94 and its 200-day moving average price is $207.50.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed 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 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.