Turning Point Benefit Group Inc. Invests $202,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Turning Point Benefit Group Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, HoldingsChannel reports. The firm purchased 971 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $31,000. Kieckhefer Group LLC acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $32,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $43,000. Finally, Blue Trust Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $49,000.

Invesco NASDAQ 100 ETF Stock Down 2.1 %

QQQM opened at $216.61 on Friday. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The firm’s fifty day simple moving average is $215.51 and its two-hundred day simple moving average is $205.84.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.