JP Wealth Management Inc. Purchases Shares of 106,544 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

JP Wealth Management Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 106,544 shares of the company’s stock, valued at approximately $22,422,000. Invesco NASDAQ 100 ETF makes up approximately 16.4% of JP Wealth Management Inc.’s holdings, making the stock its 2nd biggest holding.

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

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $211.78 on Monday. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The stock has a market capitalization of $42.00 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company has a 50-day simple moving average of $213.88 and a 200-day simple moving average of $203.38.

Invesco NASDAQ 100 ETF Announces Dividend

The business 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 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.