Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 803,930 shares of the company’s stock after selling 11,554 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Invesco NASDAQ 100 ETF worth $191,030,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC lifted its holdings in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the period. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the first quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth $534,000.

Invesco NASDAQ 100 ETF Stock Up 1.7%

NASDAQ:QQQM opened at $297.78 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21. The company has a market capitalization of $99.63 billion, a P/E ratio of 31.95 and a beta of 1.22. The stock’s fifty day moving average is $295.20 and its two-hundred day moving average is $267.41.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors 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 dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.