Lane & Associates LLC Has $623,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lane & Associates LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,899 shares of the company’s stock after selling 479 shares during the period. Lane & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Kieckhefer Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $43,000. Finally, Blue Trust Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $49,000.

Invesco NASDAQ 100 ETF Stock Down 0.4 %

NASDAQ QQQM opened at $221.18 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The firm has a 50-day moving average price of $215.51 and a two-hundred day moving average price of $205.84. The company has a market capitalization of $43.92 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.3103 per share. 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.