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

Lynch Investment Planning LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,086 shares of the company’s stock, valued at approximately $5,586,000. Invesco NASDAQ 100 ETF accounts for approximately 5.4% of Lynch Investment Planning LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Garner Asset Management Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. New Millennium Group LLC grew its position in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Imprint Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Bank & Trust Co acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $46,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $50,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $304.52 on Friday. The business’s 50 day moving average price is $285.18 and its 200 day moving average price is $262.99. The company has a market cap of $91.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $215.55 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. 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. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

Invesco NASDAQ 100 ETF 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.