Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 52-Week High – Still a Buy?

Posted by Lars Charter on Dec 11th, 2024

Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $217.55 and last traded at $217.42, with a volume of 344668 shares trading hands. The stock had previously closed at $214.28.

Invesco NASDAQ 100 ETF Stock Performance

The company has a market cap of $37.17 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a fifty day simple moving average of $206.23 and a 200 day simple moving average of $198.64.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.55%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco NASDAQ 100 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Finally, Rothschild Investment LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Company Profile

(Get Free Report)

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.