SHP Wealth Management Invests $586,000 in Invesco NASDAQ 100 ETF $QQQM

SHP Wealth Management acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,317 shares of the company’s stock, valued at approximately $586,000.

Several other hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. New Millennium Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000. Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $46,000. Finally, Monetary Solutions Ltd bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $50,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The company has a market cap of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. The stock has a 50 day simple moving average of $286.28 and a 200-day simple moving average of $263.28.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.3522 per share. The ex-dividend date of this dividend is Monday, June 22nd.

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.