Maridea Wealth Management LLC Invests $1.18 Million in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Maridea Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,618 shares of the company’s stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQM. Financial Management Professionals Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Blue Trust Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after buying an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $193.08 on Friday. The firm’s 50 day moving average price is $209.34 and its two-hundred day moving average price is $207.79. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The stock has a market cap of $38.34 billion, a PE ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3176 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.