Kraft Davis & Associates LLC Takes $236,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kraft Davis & Associates LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,354 shares of the company’s stock, valued at approximately $236,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $34,000. Clearstead Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $30,000. Sunbelt Securities Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $35,000. Pinnacle Bancorp Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $35,000. Finally, Addison Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded down $3.63 during mid-day trading on Friday, reaching $170.63. The company had a trading volume of 2,820,627 shares, compared to its average volume of 1,880,328. Invesco NASDAQ 100 ETF has a 52 week low of $127.47 and a 52 week high of $184.88. The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. The firm has a 50-day moving average price of $180.10 and a 200 day moving average price of $167.85.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.81%.

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.