Meridian Financial LLC Has $2.72 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Meridian Financial LLC lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,928 shares of the company’s stock after selling 169 shares during the period. Invesco NASDAQ 100 ETF makes up about 1.9% of Meridian Financial LLC’s portfolio, making the stock its 15th largest position. Meridian Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,721,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of QQQM. Financial Management Professionals Inc. bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Kieckhefer Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Finally, Mendota Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $40,000.

Invesco NASDAQ 100 ETF Trading Up 1.7 %

Shares of Invesco NASDAQ 100 ETF stock opened at $214.78 on Friday. The firm’s 50 day moving average is $212.38 and its 200 day moving average is $202.55. The firm has a market capitalization of $39.76 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $168.46 and a 1 year high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company 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.