Lodestar Private Asset Management LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

Lodestar Private Asset Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.7% during the second quarter, HoldingsChannel reports. The firm owned 139,874 shares of the company’s stock after buying an additional 2,277 shares during the period. Invesco NASDAQ 100 ETF comprises 3.7% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 3rd biggest holding. Lodestar Private Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $31,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $90,815,000. Raymond James Financial Inc. increased its holdings in Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after purchasing an additional 421,792 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after acquiring an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco NASDAQ 100 ETF by 14.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its position in shares of Invesco NASDAQ 100 ETF by 88.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after purchasing an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 3.5%

Shares of QQQM stock opened at $242.67 on Friday. The stock has a market cap of $62.39 billion, a PE ratio of 31.95 and a beta of 1.18. The business has a 50-day simple moving average of $240.37 and a 200-day simple moving average of $220.79. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

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