Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Reaches New 52-Week High – Still a Buy?

Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $293.76 and last traded at $293.19, with a volume of 635427 shares. The stock had previously closed at $292.82.

Invesco NASDAQ 100 ETF Trading Down 0.9%

The company has a market capitalization of $87.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The company has a fifty day moving average of $256.06 and a 200-day moving average of $254.52.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

Institutional investors have recently bought and sold shares of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Jackson Hole Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $26,000. New Millennium Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Finally, Imprint Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000.

About Invesco NASDAQ 100 ETF

(Get Free Report)

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.

Further Reading

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