Luken Investment Analytics LLC Trims Holdings in Invesco NASDAQ 100 ETF $QQQM

Luken Investment Analytics LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,448 shares of the company’s stock after selling 1,876 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.2% of Luken Investment Analytics LLC’s holdings, making the stock its 17th largest position. Luken Investment Analytics LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,148,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $25,000. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $26,000. New Millennium Group LLC grew its position in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Finally, Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Invesco NASDAQ 100 ETF stock opened at $286.12 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $199.36 and a 52 week high of $288.70. The business has a 50-day simple moving average of $253.61 and a 200 day simple moving average of $253.64. The stock has a market cap of $85.89 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.5%.

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.