Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 12-Month High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) reached a new 52-week high during trading on Monday . The company traded as high as $278.33 and last traded at $278.32, with a volume of 1041229 shares changing hands. The stock had previously closed at $277.54.

Invesco NASDAQ 100 ETF Stock Down 0.3%

The stock’s 50-day simple moving average is $251.52 and its 200 day simple moving average is $252.86. The company has a market cap of $83.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

Institutional Trading of Invesco NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Avaii Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares during the period. Twin Peaks Wealth Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after purchasing an additional 43 shares during the period. Archer Investment Corp increased its stake in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares during the period. Jacobi Capital Management LLC increased its stake in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after purchasing an additional 44 shares during the period. Finally, Modera Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF by 1.2% during the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares during the period.

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.