Parsons Capital Management Inc. RI Invests $350,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Parsons Capital Management Inc. RI bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,917 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds have also added to or reduced their stakes in the company. M&R Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $28,000. Creekmur Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $32,000. Larson Financial Group LLC grew its position in Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares in the last quarter. CVA Family Office LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $34,000. Finally, Clearstead Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $30,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded up $2.70 during mid-day trading on Friday, reaching $177.35. The company’s stock had a trading volume of 1,044,108 shares, compared to its average volume of 1,852,672. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. The business’s 50 day simple moving average is $179.80 and its 200 day simple moving average is $169.01. Invesco NASDAQ 100 ETF has a 12 month low of $129.60 and a 12 month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco NASDAQ 100 ETF 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.