Envestnet Portfolio Solutions Inc. Acquires 23,231 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 171.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,779 shares of the company’s stock after acquiring an additional 23,231 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock worth $16,021,000 after acquiring an additional 67,604 shares in the last quarter. Assetmark Inc. grew its holdings in Invesco NASDAQ 100 ETF by 60.8% during the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after acquiring an additional 284 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after buying an additional 9,469 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9,318.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after buying an additional 1,491 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2,926.5% in the 3rd quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock valued at $4,208,000 after buying an additional 20,310 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $198.76 on Tuesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The stock has a market capitalization of $39.47 billion, a P/E ratio of 30.79 and a beta of 1.18. The company’s 50-day simple moving average is $211.65 and its 200-day simple moving average is $207.54.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued 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.