Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Sterling Investment Counsel LLC’s 2nd Largest Position

Sterling Investment Counsel LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 112,951 shares of the company’s stock after purchasing an additional 1,345 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 8.1% of Sterling Investment Counsel LLC’s holdings, making the stock its 2nd largest holding. Sterling Investment Counsel LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $22,686,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after buying an additional 3,978,954 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after buying an additional 283,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Invesco NASDAQ 100 ETF by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after buying an additional 80,230 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after buying an additional 83,702 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6 %

QQQM traded down $1.21 during trading on Wednesday, reaching $202.90. 558,482 shares of the company were exchanged, compared to its average volume of 1,832,744. The stock has a market cap of $34.60 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average of $197.24 and a 200 day moving average of $191.76. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%.

Invesco NASDAQ 100 ETF Company 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.