Ridgewood Investments LLC Raises Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Ridgewood Investments LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the company’s stock after buying an additional 110 shares during the period. Ridgewood Investments LLC’s holdings in Invesco NASDAQ 100 ETF were worth $90,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of QQQM. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. National Bank of Canada FI boosted its holdings in Invesco NASDAQ 100 ETF by 72.7% in the second quarter. National Bank of Canada FI now owns 190 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Mendota Financial Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $40,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $43,000.

Invesco NASDAQ 100 ETF Stock Down 1.6 %

Shares of NASDAQ QQQM opened at $208.85 on Friday. The stock’s 50 day moving average price is $211.96 and its two-hundred day moving average price is $202.07. Invesco NASDAQ 100 ETF has a 52-week low of $165.86 and a 52-week high of $221.92. The stock has a market capitalization of $38.52 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.