Lodestar Private Asset Management LLC Has $35.62 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Lodestar Private Asset Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 149,900 shares of the company’s stock after purchasing an additional 4,491 shares during the period. Invesco NASDAQ 100 ETF accounts for about 3.5% of Lodestar Private Asset Management LLC’s portfolio, making the stock its 4th largest position. Lodestar Private Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $35,619,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avaii Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp grew its stake in Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares during the last quarter. Jacobi Capital Management LLC grew its stake in Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after buying an additional 44 shares during the last quarter. Blue Trust Inc. raised its holdings in Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after acquiring an additional 46 shares during the period. Finally, Foresight Capital Management Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after acquiring an additional 47 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $293.42 on Friday. The firm has a market cap of $98.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $226.25 and a fifty-two week high of $308.21. The firm has a fifty day moving average price of $293.32 and a two-hundred day moving average price of $266.06.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.