Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 1-Year High – Time to Buy?

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $212.27 and last traded at $212.23, with a volume of 815993 shares trading hands. The stock had previously closed at $209.80.

Invesco NASDAQ 100 ETF Trading Up 1.0 %

The company has a fifty day simple moving average of $204.19 and a 200-day simple moving average of $197.29. The company has a market capitalization of $36.11 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, September 23rd.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after purchasing an additional 754,700 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in shares of Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after acquiring an additional 1,712,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after acquiring an additional 283,257 shares in 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.