Strategic Financial Concepts LLC Has $1.30 Billion Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Strategic Financial Concepts LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26,756.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,197,357 shares of the company’s stock after acquiring an additional 6,174,281 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.5% of Strategic Financial Concepts LLC’s portfolio, making the stock its 10th largest position. Strategic Financial Concepts LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,304,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in QQQM. Financial Management Professionals Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Kieckhefer Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $32,000. Mendota Financial Group LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $40,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $43,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $218.04 on Friday. The stock has a market capitalization of $43.30 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s 50-day moving average price is $214.28 and its two-hundred day moving average price is $203.77. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date 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.