Invesco NASDAQ 100 ETF $QQQM Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.3% in the third quarter, Holdings Channel reports. The firm owned 11,604 shares of the company’s stock after selling 6,894 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco NASDAQ 100 ETF were worth $3,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of QQQM. Envestnet Asset Management Inc. grew its position in Invesco NASDAQ 100 ETF by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after purchasing an additional 170,070 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ 100 ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock valued at $1,172,000,000 after purchasing an additional 173,431 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 25.3% in the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock worth $612,143,000 after buying an additional 520,102 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after buying an additional 456,274 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 2.8%

NASDAQ:QQQM opened at $290.13 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The firm has a fifty day simple moving average of $298.98 and a 200-day simple moving average of $291.54. The company has a market capitalization of $105.93 billion, a P/E ratio of 31.95 and a beta of 1.22.

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.