Lynch Investment Planning LLC Takes $5.59 Million Position in Invesco NASDAQ 100 ETF $QQQM

Lynch Investment Planning LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, Holdings Channel reports. The fund acquired 22,086 shares of the company’s stock, valued at approximately $5,586,000. Invesco NASDAQ 100 ETF makes up about 5.4% of Lynch Investment Planning LLC’s portfolio, making the stock its 5th biggest holding.

Other large investors have also modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. New Millennium Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares during the period. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $46,000. Finally, Monetary Solutions Ltd acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $50,000.

Invesco NASDAQ 100 ETF Stock Up 2.3%

NASDAQ:QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21. The company has a market cap of $91.41 billion, a P/E ratio of 31.95 and a beta of 1.23. The firm’s 50 day moving average is $285.18 and its two-hundred day moving average is $262.99.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 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.