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 Price Performance

The firm has a fifty day simple moving average of $215.19 and a two-hundred day simple moving average of $205.35. The firm has a market capitalization of $44.10 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared 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.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Kieckhefer Group LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $32,000. Nemes Rush Group LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $32,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $43,000.

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.