Smart Money Group LLC Acquires 111 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by James Nelson on Jan 20th, 2025

Smart Money Group LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,695 shares of the company’s stock after buying an additional 111 shares during the period. Smart Money Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Finally, Mendota Financial Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter worth about $40,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $214.78 on Monday. The stock has a market capitalization of $39.76 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $168.46 and a 1-year high of $221.92. The business’s 50 day moving average is $212.38 and its two-hundred day moving average is $202.55.

Invesco NASDAQ 100 ETF Announces Dividend

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

About Invesco NASDAQ 100 ETF

(Free Report)

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.