Stonebridge Financial Group LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Stonebridge Financial Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,428 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Thurston Springer Miller Herd & Titak Inc. boosted its position in Invesco NASDAQ 100 ETF by 34.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 621 shares of the company’s stock worth $125,000 after acquiring an additional 160 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $462,000. Creative Planning boosted its holdings in Invesco NASDAQ 100 ETF by 11.6% during the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after purchasing an additional 2,149 shares during the last quarter. Zhang Financial LLC grew its position in Invesco NASDAQ 100 ETF by 2.8% in the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after purchasing an additional 70 shares in the last quarter. Finally, Cabot Wealth Management Inc. grew its position in Invesco NASDAQ 100 ETF by 0.8% in the third quarter. Cabot Wealth Management Inc. now owns 15,273 shares of the company’s stock valued at $3,068,000 after purchasing an additional 123 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $217.40 on Wednesday. The company’s 50-day moving average price is $214.71 and its two-hundred day moving average price is $204.33. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The stock has a market capitalization of $43.17 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, December 27th. Investors 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 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.