World Equity Group Inc. Takes $565,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

World Equity Group Inc. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,684 shares of the company’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also modified their holdings of QQQM. Financial Management Professionals Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000. Kieckhefer Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $216.61 on Monday. The stock’s 50 day moving average price is $215.48 and its 200 day moving average price is $206.27. The firm has a market capitalization of $43.01 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.