Freedom Investment Management Inc. Buys New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Mark Dietrich on Nov 30th, 2024

Freedom Investment Management Inc. bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,257 shares of the company’s stock, valued at approximately $453,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $27,000. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $30,000. GAMMA Investing LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $209.80 on Friday. The firm has a 50 day simple moving average of $204.19 and a 200 day simple moving average of $197.12. Invesco NASDAQ 100 ETF has a 52 week low of $157.44 and a 52 week high of $212.19. The company has a market cap of $35.75 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%.

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.