Invesco NASDAQ 100 ETF $QQQM is Sims Investment Management LLC’s 7th Largest Position

Sims Investment Management LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,139 shares of the company’s stock after purchasing an additional 2,787 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 4.2% of Sims Investment Management LLC’s holdings, making the stock its 7th biggest position. Sims Investment Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $11,649,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Baird Financial Group Inc. lifted its position in Invesco NASDAQ 100 ETF by 40.4% during the first quarter. Baird Financial Group Inc. now owns 9,230 shares of the company’s stock valued at $1,782,000 after purchasing an additional 2,654 shares in the last quarter. AQR Capital Management LLC lifted its position in Invesco NASDAQ 100 ETF by 35.6% during the first quarter. AQR Capital Management LLC now owns 38,723 shares of the company’s stock valued at $7,474,000 after purchasing an additional 10,157 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 4.8% during the first quarter. NewEdge Advisors LLC now owns 120,330 shares of the company’s stock valued at $23,226,000 after purchasing an additional 5,465 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.2%

Shares of QQQM opened at $252.44 on Friday. The business has a 50-day simple moving average of $253.93 and a two-hundred day simple moving average of $242.84. 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 $69.68 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.