Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Sold by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 68.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,300 shares of the company’s stock after selling 2,800 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $265,000. Bleakley Financial Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $218,000. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $2,237,000. Blair William & Co. IL grew its position in shares of Invesco NASDAQ 100 ETF by 2,885.8% in the first quarter. Blair William & Co. IL now owns 3,583 shares of the company’s stock valued at $655,000 after purchasing an additional 3,463 shares during the period. Finally, Bright Financial Advisors Inc. acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $252,000.

Invesco NASDAQ 100 ETF Trading Down 0.1 %

Shares of NASDAQ:QQQM opened at $210.83 on Thursday. Invesco NASDAQ 100 ETF has a 12-month low of $157.44 and a 12-month high of $212.19. The stock’s 50-day moving average price is $200.18 and its two-hundred day moving average price is $194.73. The firm has a market cap of $35.93 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.57%.

About Invesco NASDAQ 100 ETF

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.