Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 200.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,100 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Pier 88 Investment Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $477,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in QQQM. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC increased its stake in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth about $203,000. American Financial Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 19.9% in the 1st quarter. American Financial Advisors LLC now owns 1,967 shares of the company’s stock valued at $380,000 after purchasing an additional 326 shares in the last quarter. Finally, Northwest Capital Management Inc lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.5% in the 1st quarter. Northwest Capital Management Inc now owns 6,357 shares of the company’s stock valued at $1,227,000 after purchasing an additional 94 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $251.06 on Friday. The firm has a 50 day moving average price of $247.56 and a 200 day moving average price of $230.55. The company has a market cap of $65.76 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.