Winthrop Advisory Group LLC Acquires New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Winthrop Advisory Group LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, Holdings Channel reports. The fund acquired 5,212 shares of the company’s stock, valued at approximately $1,097,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in shares of Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in Invesco NASDAQ 100 ETF by 13.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after buying an additional 754,700 shares during the last quarter. Main Management Fund Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $65,598,000. Meitav Investment House Ltd. raised its position in Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after buying an additional 324,887 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after buying an additional 283,257 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded down $2.20 during trading on Monday, reaching $206.65. 478,052 shares of the company’s stock were exchanged, compared to its average volume of 2,287,652. Invesco NASDAQ 100 ETF has a 1 year low of $165.86 and a 1 year high of $221.92. The stock has a market capitalization of $38.12 billion, a P/E ratio of 34.39 and a beta of 1.18. The company’s fifty day simple moving average is $211.96 and its 200-day simple moving average is $202.14.

Invesco NASDAQ 100 ETF Announces Dividend

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