Merit Financial Group LLC Has $22.22 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Merit Financial Group LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,896 shares of the company’s stock after purchasing an additional 9,307 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $22,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cypress Wealth Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares in the last quarter. Base Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after acquiring an additional 43 shares during the period. Sand Hill Global Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 4.3% in the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares in the last quarter. Freedom Financial Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 2.6% during the second quarter. Freedom Financial Partners LLC now owns 2,005 shares of the company’s stock worth $455,000 after purchasing an additional 50 shares during the period. Finally, TrueWealth Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. TrueWealth Advisors LLC now owns 6,969 shares of the company’s stock worth $1,722,000 after purchasing an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.2%

NASDAQ QQQM opened at $255.04 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average is $253.86 and its two-hundred day moving average is $242.30.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.