Mount Lucas Management LP Purchases 5,159 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Mount Lucas Management LP raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 188.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,899 shares of the company’s stock after purchasing an additional 5,159 shares during the period. Mount Lucas Management LP’s holdings in Invesco NASDAQ 100 ETF were worth $1,557,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at about $27,000. M&R Capital Management Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Finally, GAMMA Investing LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded down $5.08 during trading hours on Friday, hitting $184.70. The company’s stock had a trading volume of 2,568,153 shares, compared to its average volume of 1,824,240. The business has a 50 day moving average price of $194.43 and a two-hundred day moving average price of $187.71. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The company has a market cap of $28.72 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 annualized dividend and a dividend yield of 0.69%.

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.