Luken Investment Analytics LLC Sells 34,825 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Luken Investment Analytics LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,477 shares of the company’s stock after selling 34,825 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.2% of Luken Investment Analytics LLC’s holdings, making the stock its 19th biggest holding. Luken Investment Analytics LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $34,000. Clearstead Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Sunbelt Securities Inc. bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth $35,000. Pinnacle Bancorp Inc. bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $35,000. Finally, Addison Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $36,000.

Invesco NASDAQ 100 ETF Trading Up 0.2 %

NASDAQ QQQM traded up $0.27 during trading on Thursday, hitting $175.50. The company had a trading volume of 1,046,696 shares, compared to its average volume of 1,854,894. Invesco NASDAQ 100 ETF has a one year low of $127.47 and a one year high of $184.88. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 35.17 and a beta of 1.28. The company’s fifty day moving average is $180.37 and its 200-day moving average is $167.65.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 annualized dividend and a dividend yield of 0.79%.

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.