Lowery Thomas LLC Raises Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lowery Thomas LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,787 shares of the company’s stock after purchasing an additional 493 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 6.6% of Lowery Thomas LLC’s holdings, making the stock its 3rd biggest position. Lowery Thomas LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Financial Management Professionals Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $32,000. Blue Trust Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 257.1% in the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after acquiring an additional 180 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $202.50 on Monday. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $169.96 and a 12 month high of $222.64. The stock’s 50 day moving average price is $213.61 and its 200 day moving average price is $207.52.

Invesco NASDAQ 100 ETF Announces Dividend

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