Ridgeline Wealth Planning LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Ridgeline Wealth Planning LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 951 shares of the company’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 34.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 621 shares of the company’s stock worth $125,000 after acquiring an additional 160 shares in the last quarter. Procyon Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $462,000. Creative Planning lifted its holdings in shares of Invesco NASDAQ 100 ETF by 11.6% during the 3rd quarter. Creative Planning now owns 20,672 shares of the company’s stock valued at $4,152,000 after purchasing an additional 2,149 shares in the last quarter. Zhang Financial LLC grew its position in shares of Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after purchasing an additional 70 shares during the period. Finally, Cabot Wealth Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 0.8% during the 3rd quarter. Cabot Wealth Management Inc. now owns 15,273 shares of the company’s stock worth $3,068,000 after purchasing an additional 123 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $217.40 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $221.92. The company’s 50 day moving average price is $214.71 and its two-hundred day moving average price is $204.33. The company has a market capitalization of $43.17 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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