Invesco NASDAQ 100 ETF $QQQM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% in the first quarter, HoldingsChannel.com reports. The firm owned 803,930 shares of the company’s stock after selling 11,554 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $191,030,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000. Osbon Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $41,000. SJS Investment Consulting Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $40,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $46,000.

Invesco NASDAQ 100 ETF Trading Up 1.7%

QQQM opened at $297.78 on Friday. The stock’s 50-day moving average price is $295.20 and its 200 day moving average price is $267.41. Invesco NASDAQ 100 ETF has a 12-month low of $227.00 and a 12-month high of $308.21. The firm has a market cap of $99.63 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.