Spectrum Strategic Capital Management LLC Invests $858,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Spectrum Strategic Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,076 shares of the company’s stock, valued at approximately $858,000. Invesco NASDAQ 100 ETF accounts for about 0.5% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also recently bought and sold shares of QQQM. Fulcrum Equity Management grew its stake in Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after purchasing an additional 56 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in Invesco NASDAQ 100 ETF by 4.4% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after buying an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after acquiring an additional 68 shares in the last quarter. Northstar Group Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after acquiring an additional 69 shares during the last quarter. Finally, Zhang Financial LLC raised its position in shares of Invesco NASDAQ 100 ETF by 2.8% during the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after acquiring an additional 70 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $211.71 on Tuesday. The company has a market cap of $41.08 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $221.92. The company has a fifty day moving average price of $213.18 and a two-hundred day moving average price of $203.01.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.