Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stake Raised by Masso Torrence Wealth Management Inc.

Masso Torrence Wealth Management Inc. increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 48.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,371 shares of the company’s stock after acquiring an additional 1,753 shares during the period. Masso Torrence Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QQQM. Union Bancaire Privee UBP SA purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $32,000. Tucker Asset Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 122.0% in the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after acquiring an additional 111 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth about $46,000. Finally, Blue Trust Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $49,000.

Invesco NASDAQ 100 ETF Trading Down 0.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $216.84 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $222.64. The stock has a 50-day moving average price of $206.10 and a 200 day moving average price of $207.21. The company has a market cap of $46.26 billion, a P/E ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.