Capstone Wealth Management Group LLC Purchases 30,707 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Capstone Wealth Management Group LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,021.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,713 shares of the company’s stock after acquiring an additional 30,707 shares during the period. Invesco NASDAQ 100 ETF makes up about 3.8% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 9th largest position. Capstone Wealth Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,095,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fulcrum Equity Management grew its stake in Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after buying an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after buying an additional 68 shares during the last quarter. Northstar Group Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the period. Finally, Zhang Financial LLC grew its position in Invesco NASDAQ 100 ETF by 2.8% in the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after acquiring an additional 70 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $207.95 on Wednesday. The stock has a market capitalization of $38.36 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average price is $212.23 and its two-hundred day moving average price is $202.29. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.86 and a fifty-two week high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

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