Sims Investment Management LLC Purchases Shares of 21,017 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sims Investment Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, Holdings Channel reports. The firm purchased 21,017 shares of the company’s stock, valued at approximately $4,423,000. Invesco NASDAQ 100 ETF comprises 2.5% of Sims Investment Management LLC’s portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently bought and sold shares of QQQM. Arkadios Wealth Advisors bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at $208,000. Mutual Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.6% during the third quarter. Mutual Advisors LLC now owns 7,120 shares of the company’s stock worth $1,443,000 after purchasing an additional 246 shares during the last quarter. US Bancorp DE grew its holdings in shares of Invesco NASDAQ 100 ETF by 6.5% during the third quarter. US Bancorp DE now owns 90,937 shares of the company’s stock worth $18,265,000 after purchasing an additional 5,524 shares during the last quarter. Hartford Financial Management Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 157.4% during the third quarter. Hartford Financial Management Inc. now owns 1,215 shares of the company’s stock worth $244,000 after purchasing an additional 743 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Focus Financial Network Inc. now owns 69,855 shares of the company’s stock worth $14,030,000 after purchasing an additional 2,281 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $209.26 on Friday. The stock’s fifty day moving average is $214.93 and its 200-day moving average is $207.05. The stock has a market capitalization of $41.55 billion, a PE ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.