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

Pier 88 Investment Partners LLC decreased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 68.3% in the 3rd quarter, Holdings Channel.com reports. 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 SEC filing.

Other large investors also recently bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $27,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $29,000. Triad Wealth Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $30,000. GAMMA Investing LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $210.83 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $157.44 and a 1 year high of $212.19. The firm’s 50-day simple moving average is $200.18 and its 200-day simple moving average is $194.73. The firm has a market cap of $35.93 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.