VisionPoint Advisory Group LLC Purchases Shares of 8,427 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

VisionPoint Advisory Group LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,427 shares of the company’s stock, valued at approximately $1,770,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Financial Management Professionals Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $31,000. Kieckhefer Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $32,000. Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $43,000. Finally, Blue Trust Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $49,000.

Invesco NASDAQ 100 ETF Stock Down 0.4 %

Shares of NASDAQ:QQQM opened at $221.18 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The stock has a market cap of $43.92 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a 50-day moving average price of $215.51 and a 200-day moving average price of $205.84.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared 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.