Cutter & CO Brokerage Inc. Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cutter & CO Brokerage Inc. lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,432 shares of the company’s stock after purchasing an additional 674 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $933,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after buying an additional 74 shares during the period. Allworth Financial LP lifted its holdings in Invesco NASDAQ 100 ETF by 25.2% during the third quarter. Allworth Financial LP now owns 1,796 shares of the company’s stock worth $361,000 after buying an additional 361 shares during the period. Arkadios Wealth Advisors purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth $208,000. PFG Investments LLC lifted its holdings in Invesco NASDAQ 100 ETF by 25.1% during the third quarter. PFG Investments LLC now owns 1,782 shares of the company’s stock worth $358,000 after buying an additional 357 shares during the period. Finally, Modera Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 17.8% during the third quarter. Modera Wealth Management LLC now owns 5,904 shares of the company’s stock worth $1,186,000 after buying an additional 894 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.2 %

Invesco NASDAQ 100 ETF stock opened at $211.37 on Wednesday. The business has a fifty day moving average of $215.14 and a two-hundred day moving average of $206.86. The firm has a market cap of $41.97 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

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