Level Four Advisory Services LLC Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Level Four Advisory Services LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 53,390 shares of the company’s stock after purchasing an additional 1,534 shares during the quarter. Level Four Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,236,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC grew its position in shares of Invesco NASDAQ 100 ETF by 26,756.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after buying an additional 6,174,281 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $374,557,000. IMC Chicago LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $208,737,000. National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in Invesco NASDAQ 100 ETF by 30.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock valued at $648,817,000 after purchasing an additional 713,000 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $137,690,000.

Invesco NASDAQ 100 ETF Trading Down 0.6 %

NASDAQ:QQQM opened at $198.24 on Friday. The company’s 50-day moving average price is $209.77 and its 200-day moving average price is $207.75. The company has a market cap of $39.36 billion, a P/E ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.3176 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Monday, March 24th.

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.