QCM Cayman Ltd. Acquires New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

QCM Cayman Ltd. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,639 shares of the company’s stock, valued at approximately $276,000. Invesco NASDAQ 100 ETF makes up 14.9% of QCM Cayman Ltd.’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds have also recently bought and sold shares of QQQM. Larson Financial Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 120.5% during the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 106 shares during the last quarter. Greenwich Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 40.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 4,557 shares of the company’s stock valued at $768,000 after acquiring an additional 1,308 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in Invesco NASDAQ 100 ETF by 1,412.7% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 116,935 shares of the company’s stock valued at $19,708,000 after acquiring an additional 109,205 shares during the last quarter. Northwest Capital Management Inc boosted its holdings in Invesco NASDAQ 100 ETF by 3,361.1% in the fourth quarter. Northwest Capital Management Inc now owns 4,984 shares of the company’s stock valued at $840,000 after acquiring an additional 4,840 shares during the last quarter. Finally, CWM LLC boosted its holdings in Invesco NASDAQ 100 ETF by 265.0% in the fourth quarter. CWM LLC now owns 7,947 shares of the company’s stock valued at $1,339,000 after acquiring an additional 5,770 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded up $2.55 during midday trading on Tuesday, reaching $174.90. The stock had a trading volume of 2,173,189 shares, compared to its average volume of 1,878,869. Invesco NASDAQ 100 ETF has a twelve month low of $127.47 and a twelve month high of $184.88. The stock has a market capitalization of $22.43 billion, a PE ratio of 35.17 and a beta of 1.18. The stock’s 50-day simple moving average is $179.97 and its 200 day simple moving average is $168.32.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 18th.

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.