Lodestar Private Asset Management LLC Raises Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lodestar Private Asset Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,266 shares of the company’s stock after purchasing an additional 5,410 shares during the period. Invesco NASDAQ 100 ETF makes up 3.3% of Lodestar Private Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Lodestar Private Asset Management LLC owned about 0.08% of Invesco NASDAQ 100 ETF worth $26,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in Invesco NASDAQ 100 ETF by 1,650.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after acquiring an additional 1,712,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,457,528 shares of the company’s stock worth $292,744,000 after purchasing an additional 45,946 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.9 %

Shares of NASDAQ:QQQM opened at $205.81 on Wednesday. The stock has a market cap of $35.26 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s 50 day moving average is $198.04 and its 200 day moving average is $192.54. Invesco NASDAQ 100 ETF has a 12-month low of $142.55 and a 12-month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, September 23rd.

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.