RMR Wealth Builders Buys New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Lisa Durand on May 8th, 2024

RMR Wealth Builders purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,276 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Clearstead Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $30,000. Larson Financial Group LLC grew its position 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 valued at $33,000 after purchasing an additional 106 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $34,000. Addison Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $36,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $42,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded down $0.11 during mid-day trading on Wednesday, hitting $181.08. 817,433 shares of the stock were exchanged, compared to its average volume of 1,805,990. The company has a market cap of $23.48 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $132.15 and a 52-week high of $184.88. The firm has a 50-day moving average of $179.73 and a two-hundred day moving average of $170.45.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.3454 dividend. This represents a $1.38 annualized dividend and a yield of 0.76%. The ex-dividend date was Monday, March 18th.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.