Tennessee Valley Asset Management Partners Purchases 1,885 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Tennessee Valley Asset Management Partners increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,028 shares of the company’s stock after purchasing an additional 1,885 shares during the quarter. Tennessee Valley Asset Management Partners’ holdings in Invesco NASDAQ 100 ETF were worth $3,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Kieckhefer Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $32,000. Finally, Mendota Financial Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $40,000.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

QQQM opened at $218.05 on Monday. The company has a 50-day simple moving average of $213.18 and a 200 day simple moving average of $203.03. The stock has a market capitalization of $42.31 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

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.