Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Echo45 Advisors LLC’s 8th Largest Position

Echo45 Advisors LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,725 shares of the company’s stock after selling 10,679 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 4.4% of Echo45 Advisors LLC’s holdings, making the stock its 8th biggest position. Echo45 Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,772,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $40,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $218.83 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $221.92. The company’s 50 day simple moving average is $212.55 and its 200 day simple moving average is $202.73. The company has a market capitalization of $42.36 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. 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.