Basso Capital Management L.P. Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Basso Capital Management L.P. increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 98.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,650 shares of the company’s stock after purchasing an additional 10,265 shares during the period. Invesco NASDAQ 100 ETF accounts for about 3.8% of Basso Capital Management L.P.’s investment portfolio, making the stock its 6th largest holding. Basso Capital Management L.P.’s holdings in Invesco NASDAQ 100 ETF were worth $4,346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Kieckhefer Group LLC bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $32,000. Blue Trust Inc. bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $49,000. Finally, Hobbs Group Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 257.1% in the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after purchasing an additional 180 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $197.48 on Monday. The firm has a market cap of $39.70 billion, a price-to-earnings ratio of 30.79 and a beta of 1.15. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The firm has a fifty day moving average price of $211.99 and a two-hundred day moving average price of $207.50.

Invesco NASDAQ 100 ETF Announces Dividend

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