Berkshire Money Management Inc. Invests $250,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Berkshire Money Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,188 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calton & Associates Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock valued at $490,000 after purchasing an additional 46 shares during the period. Fulcrum Equity Management boosted its position in Invesco NASDAQ 100 ETF by 3.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after buying an additional 56 shares during the period. Ridgecrest Wealth Partners LLC grew its stake in Invesco NASDAQ 100 ETF by 4.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after acquiring an additional 60 shares in the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after acquiring an additional 68 shares during the period. Finally, Northstar Group Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after acquiring an additional 69 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $215.95 on Wednesday. The stock has a 50 day moving average price of $213.98 and a 200 day moving average price of $203.53. The firm has a market capitalization of $42.83 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

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