Tide Cove Capital Partners LLC Has $7.04 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Tide Cove Capital Partners LLC decreased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.8% in the first quarter, Holdings Channel reports. The firm owned 29,630 shares of the company’s stock after selling 8,284 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 3.8% of Tide Cove Capital Partners LLC’s portfolio, making the stock its 9th biggest holding. Tide Cove Capital Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,041,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000. SJS Investment Consulting Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $40,000. Osbon Capital Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at $41,000. Finally, Bank & Trust Co bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at $46,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $293.42 on Monday. The stock has a fifty day moving average price of $293.32 and a two-hundred day moving average price of $266.17. Invesco NASDAQ 100 ETF has a 52-week low of $226.25 and a 52-week high of $308.21. The firm has a market capitalization of $98.04 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.