Hickory Asset Management Inc. Acquires New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Hickory Asset Management Inc. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,198 shares of the company’s stock, valued at approximately $5,934,000. Invesco NASDAQ 100 ETF accounts for about 5.0% of Hickory Asset Management Inc.’s investment portfolio, making the stock its 4th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000. Kieckhefer Group LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $49,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $221.56 on Friday. The stock has a market capitalization of $44.00 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The company has a 50 day moving average price of $214.96 and a two-hundred day moving average price of $204.72.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF Profile

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.