Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Hits New 12-Month High Following Dividend Announcement

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) shares reached a new 52-week high on Monday after the company announced a dividend. The company traded as high as $247.30 and last traded at $246.98, with a volume of 1094964 shares traded. The stock had previously closed at $246.79.

The newly announced dividend which will be paid on Friday, September 26th. Investors of record on Monday, September 22nd will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, September 22nd.

Invesco NASDAQ 100 ETF Stock Performance

The company has a 50 day moving average of $236.27 and a two-hundred day moving average of $216.26. The stock has a market capitalization of $59.04 billion, a PE ratio of 31.95 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Milestones Private Investment Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $5,083,000. Silicon Valley Capital Partners grew its stake in Invesco NASDAQ 100 ETF by 133.0% during the 2nd quarter. Silicon Valley Capital Partners now owns 233 shares of the company’s stock worth $53,000 after buying an additional 133 shares during the last quarter. Osaic Holdings Inc. grew its stake in Invesco NASDAQ 100 ETF by 14.2% during the 2nd quarter. Osaic Holdings Inc. now owns 1,031,992 shares of the company’s stock worth $234,437,000 after buying an additional 128,300 shares during the last quarter. Beacon Capital Management Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $48,000. Finally, Total Investment Management Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $159,000.

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.