Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 1-Year High at $200.47

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) shares reached a new 52-week high on Friday . The stock traded as high as $200.47 and last traded at $199.79, with a volume of 427485 shares. The stock had previously closed at $198.19.

Invesco NASDAQ 100 ETF Stock Down 0.5 %

The business’s 50 day simple moving average is $186.65 and its 200-day simple moving average is $179.31. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 24th will be issued a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, June 24th.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently modified their holdings of QQQM. M&R Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Creekmur Asset Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Larson Financial Group LLC increased its position in Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 106 shares in the last quarter. CVA Family Office LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $34,000. Finally, Richardson Financial Services Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $40,000.

Invesco NASDAQ 100 ETF Company 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.