Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 52-Week High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $222.74 and last traded at $222.11, with a volume of 27915 shares changing hands. The stock had previously closed at $221.56.

Invesco NASDAQ 100 ETF Stock Performance

The company has a market capitalization of $43.92 billion, a PE ratio of 34.39 and a beta of 1.18. The company has a 50 day moving average price of $215.42 and a 200 day moving average price of $205.73.

Invesco NASDAQ 100 ETF Dividend Announcement

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

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in QQQM. Creative Planning boosted its stake in shares of Invesco NASDAQ 100 ETF by 11.6% during the 3rd quarter. Creative Planning now owns 20,672 shares of the company’s stock valued at $4,152,000 after buying an additional 2,149 shares during the last quarter. OLD National Bancorp IN bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $386,000. Sequoia Financial Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after purchasing an additional 74 shares during the last quarter. Private Advisor Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 6.4% during the third quarter. Private Advisor Group LLC now owns 657,510 shares of the company’s stock worth $132,061,000 after purchasing an additional 39,628 shares during the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 17.2% during the third quarter. Syntegra Private Wealth Group LLC now owns 194,344 shares of the company’s stock worth $39,034,000 after purchasing an additional 28,492 shares during the last quarter.

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.