Lane & Associates LLC Grows Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lane & Associates LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other hedge funds also recently bought and sold shares of the business. CarsonAllaria Wealth Management Ltd. bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $27,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at $29,000. Triad Wealth Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $30,000. GAMMA Investing LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $36,000.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

QQQM stock opened at $208.18 on Friday. The firm’s fifty day simple moving average is $202.94 and its two-hundred day simple moving average is $196.18. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $157.44 and a twelve month high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, September 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.