Stewardship Advisors LLC Decreases Holdings in Invesco NASDAQ 100 ETF $QQQM

Stewardship Advisors LLC lessened its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,893 shares of the company’s stock after selling 3,570 shares during the quarter. Invesco NASDAQ 100 ETF comprises 7.8% of Stewardship Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Stewardship Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew its stake in Invesco NASDAQ 100 ETF by 1,473.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after buying an additional 5,333 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $617,000. Evolution Wealth Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 51,972.7% during the 3rd quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after acquiring an additional 5,717 shares during the last quarter. Boyum Wealth Architects LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after acquiring an additional 2,523 shares during the last quarter. Finally, Brookstone Capital Management grew its position in Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after acquiring an additional 24,904 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.8%

QQQM opened at $229.87 on Tuesday. The business’s fifty day simple moving average is $249.02 and its 200 day simple moving average is $250.99. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The stock has a market cap of $65.94 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.6%.

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.