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

Pier 88 Investment Partners LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 200.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $477,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after acquiring an additional 152,512 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of Invesco NASDAQ 100 ETF by 5.9% during the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after purchasing an additional 182,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the period. Finally, Meitav Investment House Ltd. grew its holdings in Invesco NASDAQ 100 ETF by 4.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after purchasing an additional 81,933 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $251.06 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The company has a market capitalization of $65.76 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average price is $247.56 and its 200 day moving average price is $230.55.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend 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.