Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 12-Month High – What’s Next?

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $267.62 and last traded at $266.08, with a volume of 1209435 shares traded. The stock had previously closed at $266.30.

Invesco NASDAQ 100 ETF Stock Performance

The stock has a market cap of $78.18 billion, a P/E ratio of 31.95 and a beta of 1.19. The business’s 50-day moving average price is $248.01 and its 200-day moving average price is $251.59.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Invesco NASDAQ 100 ETF by 0.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after acquiring an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after buying an additional 313,262 shares during the last quarter.

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.