Focus Financial Network Inc. Raises Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Brian Himes on Feb 11th, 2025

Focus Financial Network Inc. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,228 shares of the company’s stock after buying an additional 6,373 shares during the period. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $16,042,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $32,000. Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth $43,000. Finally, Blue Trust Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $49,000.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

Shares of NASDAQ QQQM opened at $217.86 on Tuesday. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $221.92. The company has a market cap of $43.26 billion, a P/E ratio of 34.39 and a beta of 1.18. The business has a 50-day simple moving average of $214.59 and a two-hundred day simple moving average of $204.12.

Invesco NASDAQ 100 ETF Dividend Announcement

The company 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 was Monday, December 23rd.

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.