Lowery Thomas LLC Has $9.50 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lowery Thomas LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,294 shares of the company’s stock after buying an additional 2,959 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 6.4% 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 $9,498,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Prospera Financial Services Inc increased its holdings in Invesco NASDAQ 100 ETF by 79.3% during the 3rd quarter. Prospera Financial Services Inc now owns 20,632 shares of the company’s stock worth $4,148,000 after acquiring an additional 9,123 shares during the period. Pathstone Holdings LLC lifted its stake in Invesco NASDAQ 100 ETF by 16.0% during the third quarter. Pathstone Holdings LLC now owns 11,200 shares of the company’s stock worth $2,250,000 after purchasing an additional 1,545 shares during the last quarter. Spectrum Wealth Advisory Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $14,000,000. Napa Wealth Management boosted its holdings in shares of Invesco NASDAQ 100 ETF by 46.3% in the 3rd quarter. Napa Wealth Management now owns 7,102 shares of the company’s stock worth $1,426,000 after purchasing an additional 2,249 shares in the last quarter. Finally, CAP Partners LLC increased its position in shares of Invesco NASDAQ 100 ETF by 7.8% during the 3rd quarter. CAP Partners LLC now owns 10,675 shares of the company’s stock valued at $2,144,000 after purchasing an additional 773 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $205.80 on Tuesday. The company has a market capitalization of $35.07 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a 50 day moving average of $201.39 and a 200 day moving average of $195.42. Invesco NASDAQ 100 ETF has a 1-year low of $157.44 and a 1-year high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%.

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.