Merit Financial Group LLC Has $22.22 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Merit Financial Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,895 shares of the company’s stock after buying an additional 9,306 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $22,215,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after purchasing an additional 152,512 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 73.1% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after purchasing an additional 1,630,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco NASDAQ 100 ETF by 14.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after purchasing an additional 433,686 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.2%

Shares of NASDAQ QQQM opened at $255.04 on Wednesday. The business’s 50 day moving average price is $253.86 and its two-hundred day moving average price is $242.30. The company has a market cap of $66.80 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%.

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.