Envestnet Asset Management Inc. Purchases 84,709 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,653,767 shares of the company’s stock after purchasing an additional 84,709 shares during the period. Envestnet Asset Management Inc. owned 3.85% of Invesco NASDAQ 100 ETF worth $1,610,735,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares during the last quarter. Raymond James Financial Inc. bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $374,557,000. IMC Chicago LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $208,737,000. National Mutual Insurance Federation of Agricultural Cooperatives boosted its holdings in Invesco NASDAQ 100 ETF by 30.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after acquiring an additional 713,000 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $137,690,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $174.28 on Friday. The company has a market capitalization of $35.58 billion, a PE ratio of 30.31 and a beta of 1.15. The business has a fifty day moving average price of $206.47 and a 200-day moving average price of $207.63. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

Invesco NASDAQ 100 ETF 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.