Kaye Capital Management Grows Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kaye Capital Management grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,423 shares of the company’s stock after purchasing an additional 397 shares during the period. Invesco NASDAQ 100 ETF makes up about 1.9% of Kaye Capital Management’s portfolio, making the stock its 14th biggest position. Kaye Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $32,000. Mendota Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $40,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $43,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $214.78 on Friday. Invesco NASDAQ 100 ETF has a one year low of $168.46 and a one year high of $221.92. The firm has a market cap of $39.76 billion, a PE ratio of 34.39 and a beta of 1.18. The firm’s 50 day simple moving average is $212.38 and its 200-day simple moving average is $202.53.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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.