Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sets New 12-Month High at $197.45

Invesco NASDAQ 100 ETF (NASDAQ:QQQM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $197.45 and last traded at $197.12, with a volume of 140116 shares changing hands. The stock had previously closed at $197.19.

Invesco NASDAQ 100 ETF Price Performance

The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock’s 50-day moving average is $183.95 and its 200 day moving average is $177.72.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of hedge funds have recently added to or reduced their stakes in QQQM. M&R Capital Management Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $28,000. Clearstead Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $30,000. Creekmur Asset Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $32,000. Larson Financial Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 106 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $34,000.

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.