Invesco NASDAQ 100 ETF $QQQM Shares Bought by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,874 shares of the company’s stock after purchasing an additional 2,277 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 3.7% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Lodestar Private Asset Management LLC owned 0.06% of Invesco NASDAQ 100 ETF worth $31,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hobbs Group Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $702,000. Sather Financial Group Inc bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $338,000. Concurrent Investment Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 89.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 42,251 shares of the company’s stock valued at $9,595,000 after purchasing an additional 19,914 shares during the last quarter. Apollon Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 5.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 11,387 shares of the company’s stock valued at $2,586,000 after purchasing an additional 550 shares during the last quarter. Finally, PrairieView Partners LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after buying an additional 132 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $242.67 on Friday. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $252.42. The firm’s 50-day simple moving average is $240.37 and its 200-day simple moving average is $220.79.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.