Cornerstone Wealth Management LLC Has $6.05 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cornerstone Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,764 shares of the company’s stock after purchasing an additional 403 shares during the period. Cornerstone Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,053,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $29,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Kieckhefer Group LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $32,000. Finally, Mendota Financial Group LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $40,000.

Invesco NASDAQ 100 ETF Trading Up 0.2 %

Shares of QQQM stock opened at $219.31 on Friday. The firm has a market capitalization of $42.45 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s fifty day simple moving average is $212.71 and its 200 day simple moving average is $202.84. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.