Kayne Anderson Rudnick Investment Management LLC Buys 726 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,719 shares of the company’s stock after buying an additional 726 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.09% of Invesco NASDAQ 100 ETF worth $37,394,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $25,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000. Nemes Rush Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000. Tucker Asset Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 122.0% in the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after acquiring an additional 111 shares during the last quarter. Finally, Blue Trust Inc. bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $49,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $182.86 on Monday. The stock has a market capitalization of $38.27 billion, a P/E ratio of 30.31 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $222.64. The business has a fifty day moving average price of $198.68 and a 200-day moving average price of $206.38.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.