Consolidated Planning Corp Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Consolidated Planning Corp bought a new stake 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 bought 17,290 shares of the company’s stock, valued at approximately $2,914,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after buying an additional 428,164 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Invesco NASDAQ 100 ETF by 8.4% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock valued at $500,196,000 after buying an additional 262,963 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 25.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock valued at $212,461,000 after buying an additional 254,025 shares during the period. Ameriprise Financial Inc. raised its holdings in Invesco NASDAQ 100 ETF by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock valued at $170,669,000 after buying an additional 94,790 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its holdings in Invesco NASDAQ 100 ETF by 53.0% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after buying an additional 362,075 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.5 %

NASDAQ:QQQM traded up $2.70 during midday trading on Friday, hitting $177.35. 1,044,108 shares of the company traded hands, compared to its average volume of 1,852,672. The firm’s fifty day moving average is $179.80 and its 200-day moving average is $168.77. Invesco NASDAQ 100 ETF has a 12-month low of $129.60 and a 12-month high of $184.88. The firm has a market capitalization of $22.87 billion, a P/E ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.78%.

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.