Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sets New 52-Week High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) hit a new 52-week high on Thursday . The company traded as high as $301.82 and last traded at $300.38, with a volume of 3928328 shares trading hands. The stock had previously closed at $300.68.

Invesco NASDAQ 100 ETF Price Performance

The firm has a market capitalization of $91.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The stock has a 50 day moving average price of $268.46 and a two-hundred day moving average price of $258.13.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of QQQM. Bison Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC grew its stake in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $534,000.

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.