Hutchens & Kramer Investment Management Group LLC Buys 234 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Hutchens & Kramer Investment Management Group LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,410 shares of the company’s stock after acquiring an additional 234 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $507,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in QQQM. Marshall Wace LLP bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $1,891,000. AQR Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $1,648,000. Creative Planning increased its position in Invesco NASDAQ 100 ETF by 33.7% in the 2nd quarter. Creative Planning now owns 18,523 shares of the company’s stock worth $3,651,000 after buying an additional 4,670 shares during the period. NewEdge Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 42.9% in the 2nd quarter. NewEdge Advisors LLC now owns 101,282 shares of the company’s stock worth $19,964,000 after buying an additional 30,419 shares during the period. Finally, Gateway Wealth Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $1,027,000.

Invesco NASDAQ 100 ETF Stock Down 2.9 %

Shares of NASDAQ QQQM opened at $211.71 on Tuesday. The business’s 50 day moving average is $213.18 and its two-hundred day moving average is $203.01. The company has a market cap of $41.08 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date 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.