City State Bank Buys 75 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

City State Bank grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 4,345 shares of the company’s stock after purchasing an additional 75 shares during the quarter. City State Bank’s holdings in Invesco NASDAQ 100 ETF were worth $914,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Winthrop Advisory Group LLC bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $1,097,000. Sugarloaf Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after acquiring an additional 68 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in Invesco NASDAQ 100 ETF by 16.7% in the fourth quarter. HBW Advisory Services LLC now owns 29,976 shares of the company’s stock worth $6,308,000 after acquiring an additional 4,290 shares in the last quarter. Highline Wealth Partners LLC boosted its holdings in Invesco NASDAQ 100 ETF by 5.7% in the fourth quarter. Highline Wealth Partners LLC now owns 16,298 shares of the company’s stock worth $3,430,000 after acquiring an additional 876 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 34.8% during the fourth quarter. Ridgewood Investments LLC now owns 426 shares of the company’s stock valued at $90,000 after purchasing an additional 110 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded down $1.97 during midday trading on Monday, reaching $206.88. 720,029 shares of the company’s stock traded hands, compared to its average volume of 2,320,355. The company has a market cap of $38.17 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $165.86 and a one year high of $221.92. The stock has a 50 day moving average of $211.96 and a 200 day moving average of $202.14.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF Company 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.