Cutter & CO Brokerage Inc. Has $473,000 Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cutter & CO Brokerage Inc. raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,805 shares of the company’s stock after buying an additional 247 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Whitaker Myers Wealth Managers LTD. boosted its stake in Invesco NASDAQ 100 ETF by 32.4% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 102,113 shares of the company’s stock valued at $17,210,000 after buying an additional 24,984 shares in the last quarter. IFG Advisory LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 23.7% during the 4th quarter. IFG Advisory LLC now owns 5,011 shares of the company’s stock valued at $845,000 after purchasing an additional 961 shares during the last quarter. Next Capital Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.6% in the 4th quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock valued at $304,000 after purchasing an additional 62 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Invesco NASDAQ 100 ETF by 158.7% in the fourth quarter. AdvisorNet Financial Inc now owns 21,493 shares of the company’s stock valued at $3,622,000 after buying an additional 13,184 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $65,475,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded up $2.55 during trading hours on Tuesday, reaching $174.90. The stock had a trading volume of 2,171,928 shares, compared to its average volume of 1,878,870. Invesco NASDAQ 100 ETF has a 12 month low of $127.47 and a 12 month high of $184.88. The stock has a market capitalization of $22.43 billion, a PE ratio of 35.17 and a beta of 1.18. The company’s 50-day moving average is $179.97 and its two-hundred day moving average is $168.32.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.79%.

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.