Monumental Financial Group Inc. Has $9.55 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Monumental Financial Group Inc. raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,635 shares of the company’s stock after purchasing an additional 4,189 shares during the period. Invesco NASDAQ 100 ETF accounts for 5.7% of Monumental Financial Group Inc.’s investment portfolio, making the stock its 7th biggest position. Monumental Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $9,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Silver Oak Securities Incorporated raised its position in shares of Invesco NASDAQ 100 ETF by 17.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 9,377 shares of the company’s stock valued at $1,580,000 after buying an additional 1,395 shares in the last quarter. Lowery Thomas LLC raised its position in shares of Invesco NASDAQ 100 ETF by 25.9% during the 4th quarter. Lowery Thomas LLC now owns 35,564 shares of the company’s stock valued at $5,994,000 after buying an additional 7,306 shares in the last quarter. RiverFront Investment Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 0.9% during the 4th quarter. RiverFront Investment Group LLC now owns 15,999 shares of the company’s stock valued at $2,696,000 after buying an additional 141 shares in the last quarter. Paradigm Financial Partners LLC raised its position in Invesco NASDAQ 100 ETF by 12.7% in the 4th quarter. Paradigm Financial Partners LLC now owns 20,726 shares of the company’s stock worth $3,493,000 after purchasing an additional 2,330 shares during the period. Finally, Consolidated Planning Corp purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $2,914,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM traded up $2.70 during trading hours on Friday, reaching $177.35. The company’s stock had a trading volume of 1,044,108 shares, compared to its average volume of 1,852,672. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. The firm has a 50-day simple moving average of $179.80 and a 200-day simple moving average of $169.01. Invesco NASDAQ 100 ETF has a 1 year low of $129.60 and a 1 year high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.