Freestone Capital Holdings LLC Invests $4.11 Million in Invesco NASDAQ 100 ETF $QQQM

Freestone Capital Holdings LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,093 shares of the company’s stock, valued at approximately $4,109,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after purchasing an additional 152,512 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in Invesco NASDAQ 100 ETF by 5.9% in the 1st quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after buying an additional 182,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco NASDAQ 100 ETF by 14.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares during the last quarter. Raymond James Financial Inc. lifted its position in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its position in Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after purchasing an additional 81,933 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $258.96 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a 50 day moving average price of $245.64 and a two-hundred day moving average price of $228.31. The company has a market capitalization of $67.79 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend and a yield of 0.5%.

Invesco NASDAQ 100 ETF 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.