Pine Harbor Wealth Management LLC Makes New $1.06 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Pine Harbor Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 4,481 shares of the company’s stock, valued at approximately $1,065,000.

A number of other hedge funds also recently modified their holdings of QQQM. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. SJS Investment Consulting Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $40,000. Osbon Capital Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $41,000. Finally, Bank & Trust Co bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $46,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $293.42 on Friday. The firm has a market cap of $98.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock’s fifty day moving average price is $293.32 and its two-hundred day moving average price is $266.06. Invesco NASDAQ 100 ETF has a one year low of $226.25 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.