Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stake Increased by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,046 shares of the company’s stock after acquiring an additional 68 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $431,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV acquired a new position in Invesco NASDAQ 100 ETF in the third quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000. National Bank of Canada FI increased its holdings in shares of Invesco NASDAQ 100 ETF by 72.7% in the 2nd quarter. National Bank of Canada FI now owns 190 shares of the company’s stock valued at $38,000 after acquiring an additional 80 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $40,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $43,000.

Invesco NASDAQ 100 ETF Stock Down 1.2 %

QQQM stock traded down $2.59 during trading on Friday, hitting $209.58. 2,040,060 shares of the company’s stock traded hands, compared to its average volume of 2,468,677. The stock has a market capitalization of $38.65 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 $165.86 and a 52 week high of $221.92. The stock has a fifty day moving average price of $211.79 and a two-hundred day moving average price of $201.98.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given 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.