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

Sandy Spring Bank lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 629.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 832 shares of the company’s stock after purchasing an additional 718 shares during the quarter. Sandy Spring Bank’s holdings in Invesco NASDAQ 100 ETF were worth $175,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Blue Trust Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after purchasing an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $198.01 on Friday. The stock has a fifty day moving average price of $210.52 and a two-hundred day moving average price of $207.41. The stock has a market capitalization of $39.32 billion, a price-to-earnings ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $169.96 and a 1 year high of $222.64.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed 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 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.