Lincoln National Corp Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Lincoln National Corp increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,358 shares of the company’s stock after buying an additional 1,909 shares during the period. Lincoln National Corp’s holdings in Invesco NASDAQ 100 ETF were worth $6,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $30,000. Larson Financial Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares in the last quarter. CVA Family Office LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $34,000. Addison Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $36,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $42,000.

Invesco NASDAQ 100 ETF Trading Up 1.1 %

NASDAQ:QQQM traded up $1.99 on Monday, reaching $181.19. The stock had a trading volume of 980,567 shares, compared to its average volume of 1,822,378. The company has a 50-day moving average of $179.68 and a 200 day moving average of $170.12. The stock has a market cap of $23.50 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $132.15 and a 12-month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.76%.

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.