Luken Investment Analytics LLC Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Luken Investment Analytics LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,965.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,680 shares of the company’s stock after buying an additional 177,642 shares during the period. Invesco NASDAQ 100 ETF comprises 17.2% of Luken Investment Analytics LLC’s holdings, making the stock its largest position. Luken Investment Analytics LLC owned 0.11% of Invesco NASDAQ 100 ETF worth $37,495,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after buying an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC lifted its position in 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 valued at $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake 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 worth $476,014,000 after purchasing an additional 1,712,000 shares during the period. Cetera Investment Advisers increased its holdings in Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after purchasing an additional 879,707 shares in the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $87,237,000.

Invesco NASDAQ 100 ETF Trading Up 0.7 %

Shares of Invesco NASDAQ 100 ETF stock traded up $1.47 during trading on Friday, reaching $200.60. The stock had a trading volume of 1,574,496 shares, compared to its average volume of 1,830,263. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a fifty day moving average price of $198.29 and a two-hundred day moving average price of $192.83. Invesco NASDAQ 100 ETF has a 52 week low of $148.25 and a 52 week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, September 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.