Cornerstone Wealth Management LLC Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cornerstone Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,764 shares of the company’s stock after purchasing an additional 403 shares during the period. Cornerstone Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,053,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Seneca House Advisors acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $238,000. Secure Asset Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 11.2% during the 4th quarter. Secure Asset Management LLC now owns 32,466 shares of the company’s stock valued at $6,832,000 after purchasing an additional 3,266 shares in the last quarter. Verde Capital Management grew its holdings in Invesco NASDAQ 100 ETF by 1.0% during the 4th quarter. Verde Capital Management now owns 143,162 shares of the company’s stock valued at $30,128,000 after purchasing an additional 1,376 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 25,675.6% during the 4th quarter. Avior Wealth Management LLC now owns 55,933 shares of the company’s stock valued at $11,771,000 after purchasing an additional 55,716 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 1.4% during the 4th quarter. Mutual Advisors LLC now owns 7,220 shares of the company’s stock worth $1,525,000 after acquiring an additional 100 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $219.31 on Friday. The firm has a market cap of $42.45 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $221.92. The firm has a fifty day moving average of $212.71 and a two-hundred day moving average of $202.84.

Invesco NASDAQ 100 ETF Announces Dividend

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