Cutter & CO Brokerage Inc. Raises Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cutter & CO Brokerage Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,432 shares of the company’s stock after purchasing an additional 674 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $933,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in QQQM. Sequoia Financial Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 6.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after acquiring an additional 74 shares during the period. Allworth Financial LP increased its position in shares of Invesco NASDAQ 100 ETF by 25.2% in the 3rd quarter. Allworth Financial LP now owns 1,796 shares of the company’s stock valued at $361,000 after acquiring an additional 361 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $208,000. PFG Investments LLC increased its position in shares of Invesco NASDAQ 100 ETF by 25.1% in the 3rd quarter. PFG Investments LLC now owns 1,782 shares of the company’s stock valued at $358,000 after acquiring an additional 357 shares during the period. Finally, Modera Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 17.8% in the 3rd quarter. Modera Wealth Management LLC now owns 5,904 shares of the company’s stock valued at $1,186,000 after acquiring an additional 894 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $211.37 on Wednesday. The stock’s fifty day moving average price is $215.14 and its 200 day moving average price is $206.86. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $222.64. The company has a market cap of $41.97 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a $0.3103 dividend. 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.