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

Luken Investment Analytics LLC trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72.1% during the fourth quarter, according to its most recent disclosure 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 period. Invesco NASDAQ 100 ETF comprises about 1.2% of Luken Investment Analytics LLC’s holdings, making the stock its 19th largest position. Luken Investment Analytics LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,271,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $34,000. Clearstead Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $30,000. Sunbelt Securities Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $35,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $35,000. Finally, Addison Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock traded up $0.27 on Thursday, hitting $175.50. The stock had a trading volume of 1,046,696 shares, compared to its average volume of 1,854,894. The business has a 50 day moving average of $180.37 and a 200 day moving average of $167.65. The stock has a market cap of $22.34 billion, a price-to-earnings ratio of 35.17 and a beta of 1.28. Invesco NASDAQ 100 ETF has a 12-month low of $127.47 and a 12-month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.