Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 52-Week Low – Should You Sell?

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s stock price reached a new 52-week low on Monday . The company traded as low as $165.72 and last traded at $167.13, with a volume of 1808138 shares traded. The stock had previously closed at $174.28.

Invesco NASDAQ 100 ETF Price Performance

The stock has a market cap of $35.00 billion, a price-to-earnings ratio of 30.31 and a beta of 1.18. The company’s 50 day moving average is $204.00 and its 200 day moving average is $207.20.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3176 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of QQQM. Invesco Ltd. grew its holdings in Invesco NASDAQ 100 ETF by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock valued at $1,962,081,000 after purchasing an additional 1,170,093 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,653,767 shares of the company’s stock valued at $1,610,735,000 after purchasing an additional 84,709 shares in the last quarter. Strategic Financial Concepts LLC grew its position in shares of Invesco NASDAQ 100 ETF by 26,756.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock valued at $1,304,234,000 after purchasing an additional 6,174,281 shares during the last quarter. First Command Advisory Services Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock worth $1,021,296,000 after purchasing an additional 37,600 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its position in shares of Invesco NASDAQ 100 ETF by 30.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after purchasing an additional 713,000 shares during the last quarter.

About Invesco NASDAQ 100 ETF

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.