Invesco NASDAQ 100 ETF $QQQM Stock: Sumitomo Mitsui Trust Group Inc. Decreases Holdings

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 706,624 shares of the company’s stock after selling 5,313 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Invesco NASDAQ 100 ETF worth $215,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QQQM. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $56,357,000. Vise Technologies Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 207.5% during the third quarter. Vise Technologies Inc. now owns 47,608 shares of the company’s stock worth $14,503,000 after purchasing an additional 32,125 shares during the period. Cidel Asset Management Inc. increased its holdings in Invesco NASDAQ 100 ETF by 1.3% during the 3rd quarter. Cidel Asset Management Inc. now owns 2,662 shares of the company’s stock worth $811,000 after purchasing an additional 34 shares in the last quarter. Intrua Financial LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 15.2% during the 3rd quarter. Intrua Financial LLC now owns 8,240 shares of the company’s stock worth $2,510,000 after acquiring an additional 1,087 shares in the last quarter. Finally, Global Assets Advisory LLC increased its stake in Invesco NASDAQ 100 ETF by 12.3% in the 3rd quarter. Global Assets Advisory LLC now owns 952 shares of the company’s stock valued at $296,000 after buying an additional 104 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $284.34 on Monday. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The firm has a market capitalization of $105.72 billion, a PE ratio of 31.95 and a beta of 1.22. The business’s 50 day simple moving average is $298.53 and its 200 day simple moving average is $279.57.

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.