Tide Cove Capital Partners LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Tide Cove Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,284 shares of the company’s stock, valued at approximately $7,759,000. Invesco NASDAQ 100 ETF accounts for 5.4% of Tide Cove Capital Partners LLC’s investment portfolio, making the stock its 6th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Mutual Insurance Federation of Agricultural Cooperatives grew its position in Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after buying an additional 1,712,000 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after acquiring an additional 754,700 shares during the period. Main Management Fund Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $65,598,000. Meitav Investment House Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 25.7% in the third quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after acquiring an additional 324,887 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after acquiring an additional 283,257 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.6 %

NASDAQ QQQM opened at $216.10 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92. The firm has a 50-day moving average price of $212.45 and a 200 day moving average price of $202.64. The stock has a market capitalization of $41.83 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.