Pine Harbor Wealth Management LLC Takes $1.06 Million Position in Invesco NASDAQ 100 ETF $QQQM

Pine Harbor Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,481 shares of the company’s stock, valued at approximately $1,065,000.

Several other large investors have also recently bought and sold shares of QQQM. Revisor Wealth Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 6.4% during the 1st quarter. Revisor Wealth Management LLC now owns 3,434 shares of the company’s stock worth $816,000 after purchasing an additional 206 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 6.6% in the first quarter. Koshinski Asset Management Inc. now owns 8,124 shares of the company’s stock valued at $1,931,000 after buying an additional 502 shares in the last quarter. Hunter Associates Investment Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 3.2% during the first quarter. Hunter Associates Investment Management LLC now owns 91,849 shares of the company’s stock worth $21,792,000 after buying an additional 2,865 shares during the last quarter. Beacon Financial Advisory LLC increased its holdings in Invesco NASDAQ 100 ETF by 176.1% during the first quarter. Beacon Financial Advisory LLC now owns 3,655 shares of the company’s stock worth $868,000 after buying an additional 2,331 shares during the last quarter. Finally, Evolution Wealth Management Inc. raised its position in Invesco NASDAQ 100 ETF by 78.4% during the first quarter. Evolution Wealth Management Inc. now owns 13,258 shares of the company’s stock worth $3,150,000 after acquiring an additional 5,828 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $293.42 on Friday. The firm has a 50-day moving average of $293.32 and a 200-day moving average of $266.06. Invesco NASDAQ 100 ETF has a one year low of $226.25 and a one year high of $308.21. The company has a market cap of $98.04 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.