Bestgate Wealth Advisors LLC Makes New $2.82 Million Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Bestgate Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,378 shares of the company’s stock, valued at approximately $2,815,000. Invesco NASDAQ 100 ETF makes up approximately 5.6% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Blue Trust Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $49,000. Finally, Hobbs Group Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after buying an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.7 %

QQQM opened at $195.48 on Wednesday. The company has a market capitalization of $38.82 billion, a price-to-earnings ratio of 30.79 and a beta of 1.18. The firm has a 50-day moving average price of $211.32 and a 200-day moving average price of $207.53. 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 company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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.