Invesco NASDAQ 100 ETF $QQQM Stock: Sumitomo Mitsui DS Asset Management Company Ltd Trims Stake

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,604 shares of the company’s stock after selling 6,894 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Invesco NASDAQ 100 ETF were worth $3,535,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 24.0% in the third quarter. CWA Asset Management Group LLC now owns 1,270 shares of the company’s stock worth $387,000 after purchasing an additional 246 shares during the last quarter. Maia Wealth LLC increased its position in shares of Invesco NASDAQ 100 ETF by 50.9% during the third quarter. Maia Wealth LLC now owns 43,472 shares of the company’s stock worth $13,243,000 after purchasing an additional 14,660 shares in the last quarter. Novem Group lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% during the 3rd quarter. Novem Group now owns 19,953 shares of the company’s stock valued at $6,079,000 after purchasing an additional 401 shares during the last quarter. AA Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 30.3% during the 3rd quarter. AA Financial Advisors LLC now owns 40,960 shares of the company’s stock valued at $12,478,000 after purchasing an additional 9,520 shares during the last quarter. Finally, Fortitude Financial LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $2,478,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $290.13 on Friday. The stock has a market capitalization of $105.93 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The business has a fifty day moving average price of $298.98 and a 200-day moving average price of $291.54.

Invesco NASDAQ 100 ETF 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.