Krilogy Financial LLC Purchases Shares of 3,696 Invesco NASDAQ 100 ETF $QQQM

Krilogy Financial LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,696 shares of the company’s stock, valued at approximately $948,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Endowment Wealth Management Inc. increased its holdings in Invesco NASDAQ 100 ETF by 24.6% during the third quarter. Endowment Wealth Management Inc. now owns 1,891 shares of the company’s stock valued at $467,000 after buying an additional 373 shares during the last quarter. Sanchez Wealth Management Group grew its position in shares of Invesco NASDAQ 100 ETF by 181.7% during the 3rd quarter. Sanchez Wealth Management Group now owns 4,609 shares of the company’s stock valued at $1,139,000 after acquiring an additional 2,973 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Invesco NASDAQ 100 ETF by 82.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 161,203 shares of the company’s stock worth $39,837,000 after purchasing an additional 72,982 shares in the last quarter. Northwest Financial Advisors raised its holdings in Invesco NASDAQ 100 ETF by 45.2% in the 3rd quarter. Northwest Financial Advisors now owns 2,660 shares of the company’s stock worth $657,000 after purchasing an additional 828 shares during the period. Finally, Wealthfront Advisers LLC raised its holdings in Invesco NASDAQ 100 ETF by 39.6% in the 3rd quarter. Wealthfront Advisers LLC now owns 67,482 shares of the company’s stock worth $16,676,000 after purchasing an additional 19,135 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $247.31 on Friday. The business’s fifty day moving average is $254.75 and its 200 day moving average is $248.36. The company has a market capitalization of $70.94 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.