Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 1-Year High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) shares reached a new 52-week high on Thursday . The stock traded as high as $301.82 and last traded at $300.38, with a volume of 3928328 shares traded. The stock had previously closed at $300.68.

Invesco NASDAQ 100 ETF Trading Down 0.1%

The firm has a market cap of $90.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm has a 50-day moving average of $266.19 and a two-hundred day moving average of $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of QQQM. Glenmede Trust Co. NA acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $337,000. WNY Asset Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter worth about $229,000. Essential Partners LLC boosted its holdings in Invesco NASDAQ 100 ETF by 5,166.7% during the first quarter. Essential Partners LLC now owns 1,422 shares of the company’s stock worth $338,000 after buying an additional 1,395 shares during the last quarter. JDM Financial Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after buying an additional 2,143 shares during the last quarter. Finally, Hobbs Group Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 10.9% during the first quarter. Hobbs Group Advisors LLC now owns 3,440 shares of the company’s stock worth $817,000 after buying an additional 337 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.