Lowery Thomas LLC Has $10.06 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lowery Thomas LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,787 shares of the company’s stock after buying an additional 493 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 6.6% of Lowery Thomas LLC’s holdings, making the stock its 3rd largest position. Lowery Thomas LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,057,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QQQM. Apollon Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 793.0% in the fourth quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock worth $16,021,000 after acquiring an additional 67,604 shares in the last quarter. Assetmark Inc. grew its position in Invesco NASDAQ 100 ETF by 60.8% during the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after purchasing an additional 284 shares in the last quarter. HighTower Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the period. Benjamin Edwards Inc. raised its stake in Invesco NASDAQ 100 ETF by 9,318.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Invesco NASDAQ 100 ETF by 2,926.5% in the third quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after buying an additional 20,310 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.7 %

Shares of QQQM stock opened at $202.50 on Monday. The company has a market capitalization of $40.21 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64. The stock’s fifty day simple moving average is $213.61 and its 200-day simple moving average is $207.52.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date was Monday, December 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.