Summit Global Investments Buys 436 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Summit Global Investments lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 27.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,018 shares of the company’s stock after acquiring an additional 436 shares during the quarter. Summit Global Investments’ holdings in Invesco NASDAQ 100 ETF were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in QQQM. Kiker Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $4,159,000. Sandy Spring Bank raised its holdings in Invesco NASDAQ 100 ETF by 629.8% in the 4th quarter. Sandy Spring Bank now owns 832 shares of the company’s stock worth $175,000 after acquiring an additional 718 shares during the period. Next Capital Management LLC lifted its position in Invesco NASDAQ 100 ETF by 19.9% during the 4th quarter. Next Capital Management LLC now owns 4,928 shares of the company’s stock worth $1,037,000 after acquiring an additional 817 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $261,000. Finally, Bestgate Wealth Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $2,815,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $201.88 on Tuesday. The stock has a market capitalization of $40.09 billion, a PE ratio of 30.79 and a beta of 1.18. The stock has a 50-day simple moving average of $210.39 and a 200 day simple moving average of $207.74. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be given a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend is Monday, March 24th.

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.