Sumitomo Mitsui DS Asset Management Company Ltd Has $1.78 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,436 shares of the company’s stock after acquiring an additional 1,025 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco NASDAQ 100 ETF were worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Calton & Associates Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock valued at $490,000 after purchasing an additional 46 shares during the period. Fulcrum Equity Management grew its stake in Invesco NASDAQ 100 ETF by 3.3% in the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after buying an additional 56 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after acquiring an additional 56 shares during the period. Ridgecrest Wealth Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 4.4% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after acquiring an additional 60 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 3.4% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock worth $431,000 after acquiring an additional 68 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $217.86 on Tuesday. The stock’s 50-day moving average is $214.59 and its 200-day moving average is $204.12. The company has a market cap of $43.26 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.