Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 12-Month High – Here’s Why

Invesco NASDAQ 100 ETF (NASDAQ:QQQMGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $207.30 and last traded at $206.25, with a volume of 1271350 shares trading hands. The stock had previously closed at $202.58.

Invesco NASDAQ 100 ETF Stock Up 2.7 %

The business’s 50 day moving average price is $198.79 and its 200-day moving average price is $193.57. The company has a market cap of $35.46 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.58%.

Institutional Trading of Invesco NASDAQ 100 ETF

Several institutional investors have recently added to or reduced their stakes in QQQM. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $29,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $30,000. GAMMA Investing LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $36,000. Finally, Rothschild Investment LLC acquired a new position in Invesco NASDAQ 100 ETF in the second quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Company Profile

(Get 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.

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