Moors & Cabot Inc. Has $790,000 Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Moors & Cabot Inc. raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 114.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,753 shares of the company’s stock after purchasing an additional 2,001 shares during the quarter. Moors & Cabot Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $790,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Blue Trust Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 257.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after acquiring an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $197.48 on Friday. 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 capitalization of $39.21 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. The business has a fifty day simple moving average of $211.99 and a two-hundred day simple moving average of $207.33.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced 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 was Monday, December 23rd.

About Invesco NASDAQ 100 ETF

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.