Sims Investment Management LLC Invests $4.42 Million in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sims Investment Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,017 shares of the company’s stock, valued at approximately $4,423,000. Invesco NASDAQ 100 ETF comprises approximately 2.5% of Sims Investment Management LLC’s holdings, making the stock its 10th biggest holding.

Other large investors also recently modified their holdings of the company. TD Capital Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 5.4% in the fourth quarter. TD Capital Management LLC now owns 7,492 shares of the company’s stock valued at $1,577,000 after purchasing an additional 385 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Invesco NASDAQ 100 ETF by 31.6% in the fourth quarter. Private Trust Co. NA now owns 7,416 shares of the company’s stock valued at $1,561,000 after purchasing an additional 1,782 shares in the last quarter. Pettyjohn Wood & White Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 11.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 1,985 shares of the company’s stock valued at $418,000 after purchasing an additional 200 shares in the last quarter. Brueske Advisory Services LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $8,142,000. Finally, Motiv8 Investments LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 6.2% in the fourth quarter. Motiv8 Investments LLC now owns 9,381 shares of the company’s stock valued at $1,974,000 after purchasing an additional 549 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.6 %

Shares of NASDAQ QQQM opened at $209.26 on Friday. The business has a fifty day simple moving average of $214.93 and a 200 day simple moving average of $207.05. The firm has a market capitalization of $41.55 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given 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.