Sterling Investment Counsel LLC Has $15.82 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Sterling Investment Counsel LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,681 shares of the company’s stock after selling 48,974 shares during the period. Invesco NASDAQ 100 ETF accounts for 9.3% of Sterling Investment Counsel LLC’s holdings, making the stock its 2nd largest holding. Sterling Investment Counsel LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Union Bancaire Privee UBP SA bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $25,000. Westwind Capital bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth $27,000. NorthRock Partners LLC acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth about $28,000. Crews Bank & Trust raised its position in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $30,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

NASDAQ:QQQM opened at $249.33 on Friday. The stock has a market cap of $59.78 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average is $238.40 and its 200-day moving average is $218.57. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $249.93.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.