Embree Financial Group Increases Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Embree Financial Group lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.2% during the fourth quarter, Holdings Channel reports. The fund owned 3,631 shares of the company’s stock after purchasing an additional 245 shares during the quarter. Embree Financial Group’s holdings in Invesco NASDAQ 100 ETF were worth $764,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of QQQM. Fulcrum Equity Management raised its holdings in Invesco NASDAQ 100 ETF by 3.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after purchasing an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $431,000 after purchasing an additional 68 shares during the period. Northstar Group Inc. increased its stake in Invesco NASDAQ 100 ETF by 5.4% in the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the last quarter. Finally, Zhang Financial LLC lifted its position in Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $218.05 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $221.92. The business has a 50-day moving average of $213.18 and a two-hundred day moving average of $203.03. The stock has a market capitalization of $42.31 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.