Eldridge Investment Advisors Inc. Trims Position in Invesco NASDAQ 100 ETF $QQQM

Eldridge Investment Advisors Inc. trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,200 shares of the company’s stock after selling 6,472 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.2% of Eldridge Investment Advisors Inc.’s portfolio, making the stock its 24th largest position. Eldridge Investment Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. New Millennium Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Finally, Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Stock Up 1.5%

NASDAQ QQQM opened at $294.81 on Tuesday. The stock has a market capitalization of $88.50 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The firm has a 50-day moving average price of $275.73 and a 200 day moving average price of $260.26.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.