Lane & Associates LLC Raises Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lane & Associates LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,378 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Lane & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $679,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $39,000. Portside Wealth Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $351,000. GAMMA Investing LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $36,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after buying an additional 74 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after buying an additional 2,149 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $208.18 on Friday. Invesco NASDAQ 100 ETF has a one year low of $157.44 and a one year high of $212.19. The company’s fifty day moving average price is $202.94 and its 200-day moving average price is $196.18. The company has a market capitalization of $35.48 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business 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. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, September 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.