Graney & King LLC Purchases New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Graney & King LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,160 shares of the company’s stock, valued at approximately $3,611,000. Invesco NASDAQ 100 ETF makes up approximately 2.7% of Graney & King LLC’s investment portfolio, making the stock its 8th largest position.

Several other hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after purchasing an additional 6,174,281 shares during the last quarter. First Command Advisory Services Inc. lifted its position in Invesco NASDAQ 100 ETF by 0.8% in the fourth quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock valued at $1,021,296,000 after buying an additional 37,600 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 30.1% during 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 buying an additional 713,000 shares during the period. Meitav Investment House Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 12.7% during the fourth quarter. Meitav Investment House Ltd. now owns 1,791,275 shares of the company’s stock valued at $376,669,000 after acquiring an additional 201,737 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $374,557,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $203.13 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The company has a 50 day moving average price of $210.30 and a 200 day moving average price of $207.87. The stock has a market capitalization of $40.34 billion, a P/E ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.3176 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.