Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Sterling Investment Counsel LLC’s 3rd Largest Position

Sterling Investment Counsel LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 79.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,655 shares of the company’s stock after purchasing an additional 52,544 shares during the period. Invesco NASDAQ 100 ETF accounts for about 7.8% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 3rd biggest position. Sterling Investment Counsel LLC owned approximately 0.06% of Invesco NASDAQ 100 ETF worth $22,903,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $49,000. Principal Securities Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 45.3% during the fourth quarter. Principal Securities Inc. now owns 9,023 shares of the company’s stock worth $1,899,000 after purchasing an additional 2,811 shares in the last quarter. Allworth Financial LP increased its position in shares of Invesco NASDAQ 100 ETF by 332.4% during the fourth quarter. Allworth Financial LP now owns 7,766 shares of the company’s stock worth $1,699,000 after purchasing an additional 5,970 shares in the last quarter. Truist Financial Corp increased its position in shares of Invesco NASDAQ 100 ETF by 9.1% during the fourth quarter. Truist Financial Corp now owns 189,568 shares of the company’s stock worth $39,895,000 after purchasing an additional 15,842 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Invesco NASDAQ 100 ETF by 24.6% during the fourth quarter. D.A. Davidson & CO. now owns 9,029 shares of the company’s stock worth $1,900,000 after purchasing an additional 1,783 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.0%

Shares of QQQM stock opened at $217.80 on Thursday. The business’s fifty day simple moving average is $204.82 and its 200-day simple moving average is $207.20. The company has a market cap of $46.46 billion, a PE ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.3176 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.