CIBC Private Wealth Group LLC Buys 709 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CIBC Private Wealth Group LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 88.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,507 shares of the company’s stock after buying an additional 709 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $320,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of QQQM. Financial Management Professionals Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Kieckhefer Group LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $32,000. Tucker Asset Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock valued at $43,000 after buying an additional 111 shares during the period. Finally, Blue Trust Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $49,000.

Invesco NASDAQ 100 ETF Stock Down 6.1 %

NASDAQ:QQQM opened at $174.28 on Friday. The stock has a market cap of $35.58 billion, a P/E ratio of 30.31 and a beta of 1.15. The business’s 50-day moving average price is $206.47 and its two-hundred day moving average price is $207.72. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3176 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

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.