Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 1-Year High – Here’s What Happened

Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $243.61 and last traded at $243.60, with a volume of 2976433 shares changing hands. The stock had previously closed at $241.50.

Invesco NASDAQ 100 ETF Price Performance

The stock’s fifty day moving average is $234.85 and its 200-day moving average is $214.99. The stock has a market capitalization of $58.23 billion, a P/E ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.3161 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of large investors have recently added to or reduced their stakes in QQQM. Northern Trust Corp bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $420,000. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Snowden Capital Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $347,000. Toronto Dominion Bank raised its holdings in Invesco NASDAQ 100 ETF by 22,063.6% in the 4th quarter. Toronto Dominion Bank now owns 9,752 shares of the company’s stock worth $2,052,000 after acquiring an additional 9,708 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Invesco NASDAQ 100 ETF by 1,064.0% in the 4th quarter. Two Sigma Investments LP now owns 29,100 shares of the company’s stock worth $6,124,000 after acquiring an additional 26,600 shares during the period.

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.