Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 52-Week High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) reached a new 52-week high during trading on Monday . The stock traded as high as $293.76 and last traded at $293.19, with a volume of 635427 shares trading hands. The stock had previously closed at $292.82.

Invesco NASDAQ 100 ETF Price Performance

The business has a 50 day moving average of $253.61 and a 200 day moving average of $253.64. The firm has a market capitalization of $88.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors 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 dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently made changes to their positions in QQQM. Bright Futures Wealth Management LLC. acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth approximately $617,000. Bank Hapoalim BM bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $35,091,000. Aspire Growth Partners LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock worth $6,166,000 after purchasing an additional 2,747 shares during the period. Blue Edge Capital LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares during the period. Finally, Atria Investments Inc boosted its stake in Invesco NASDAQ 100 ETF by 6.1% during the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after buying an additional 3,275 shares during the period.

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.