Connecticut Capital Management Group LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,909 shares of the company’s stock, valued at approximately $2,759,000. Invesco NASDAQ 100 ETF makes up about 2.6% of Connecticut Capital Management Group LLC’s portfolio, making the stock its 11th largest holding.
Other hedge funds have also added to or reduced their stakes in the company. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. New Millennium Group LLC grew its stake in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $46,000.
Invesco NASDAQ 100 ETF Stock Performance
Shares of QQQM opened at $300.38 on Thursday. The company has a 50 day moving average price of $266.19 and a 200-day moving average price of $257.44. Invesco NASDAQ 100 ETF has a fifty-two week low of $210.80 and a fifty-two week high of $301.82. The stock has a market capitalization of $90.17 billion, a PE ratio of 31.95 and a beta of 1.21.
Invesco NASDAQ 100 ETF Increases Dividend
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.
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