Sumitomo Mitsui Trust Group Inc. Buys Shares of 19,894 Invesco NASDAQ 100 ETF $QQQM

Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,894 shares of the company’s stock, valued at approximately $4,518,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 91.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after buying an additional 1,270 shares in the last quarter. Mather Group LLC. grew its stake in shares of Invesco NASDAQ 100 ETF by 80.6% in the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $1,932,000. Savvy Advisors Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after buying an additional 398 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $203,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $261.79 on Thursday. The business has a 50 day simple moving average of $244.66 and a 200 day simple moving average of $227.02. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The stock has a market cap of $68.26 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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