Cetera Investment Advisers Buys 102,794 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cetera Investment Advisers lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,131,917 shares of the company’s stock after purchasing an additional 102,794 shares during the period. Invesco NASDAQ 100 ETF accounts for 0.5% of Cetera Investment Advisers’ portfolio, making the stock its 28th largest position. Cetera Investment Advisers owned 0.57% of Invesco NASDAQ 100 ETF worth $238,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after acquiring an additional 1,170,093 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 1.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,653,767 shares of the company’s stock worth $1,610,735,000 after purchasing an additional 84,709 shares during the period. Strategic Financial Concepts LLC raised its holdings in Invesco NASDAQ 100 ETF by 26,756.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after purchasing an additional 6,174,281 shares during the last quarter. First Command Advisory Services Inc. lifted its position in Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock valued at $1,021,296,000 after purchasing an additional 37,600 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in shares of Invesco NASDAQ 100 ETF by 30.1% in the 4th 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 during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $200.12 on Tuesday. The firm has a 50 day simple moving average of $193.10 and a 200 day simple moving average of $205.67. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $222.64. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 27.89 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3176 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was 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.