Orion Capital Management LLC Purchases Shares of 1,798 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Orion Capital Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,798 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. JDM Financial Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.1% during the 4th quarter. JDM Financial Group LLC now owns 4,827 shares of the company’s stock worth $1,016,000 after purchasing an additional 99 shares in the last quarter. Novem Group purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $966,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $549,000. First Heartland Consultants Inc. raised its stake in Invesco NASDAQ 100 ETF by 4.5% in the 4th quarter. First Heartland Consultants Inc. now owns 25,008 shares of the company’s stock valued at $5,263,000 after acquiring an additional 1,087 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $5,467,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $214.20 on Wednesday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $222.64. The firm has a market capitalization of $45.70 billion, a P/E ratio of 30.65 and a beta of 1.18. The business has a fifty day moving average price of $194.68 and a 200-day moving average price of $206.06.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.