Sandy Spring Bank Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sandy Spring Bank raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 629.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 832 shares of the company’s stock after purchasing an additional 718 shares during the period. Sandy Spring Bank’s holdings in Invesco NASDAQ 100 ETF were worth $175,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Next Capital Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 19.9% during the 4th quarter. Next Capital Management LLC now owns 4,928 shares of the company’s stock worth $1,037,000 after purchasing an additional 817 shares in the last quarter. Generali Investments Management Co LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $261,000. Bestgate Wealth Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $2,815,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 13.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 95,830 shares of the company’s stock worth $20,167,000 after acquiring an additional 11,136 shares during the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 10.1% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 3,168 shares of the company’s stock valued at $667,000 after acquiring an additional 290 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4 %

Invesco NASDAQ 100 ETF stock opened at $198.01 on Friday. The stock has a 50-day moving average price of $210.52 and a 200 day moving average price of $207.41. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The stock has a market cap of $39.32 billion, a PE ratio of 30.79 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders 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.