Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 52-Week High – Here’s What Happened

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) hit a new 52-week high on Tuesday . The stock traded as high as $222.74 and last traded at $222.11, with a volume of 27915 shares traded. The stock had previously closed at $221.56.

Invesco NASDAQ 100 ETF Price Performance

The company has a market capitalization of $43.92 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a fifty day moving average price of $215.42 and a 200 day moving average price of $205.73.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at about $31,000. Nemes Rush Group LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $32,000. Kieckhefer Group LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $32,000. Finally, Tucker Asset Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock valued at $43,000 after buying an additional 111 shares in the last quarter.

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.