Sterling Investment Counsel LLC Sells 46,840 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sterling Investment Counsel LLC lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,111 shares of the company’s stock after selling 46,840 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 9.2% of Sterling Investment Counsel LLC’s portfolio, making the stock its 2nd largest position. Sterling Investment Counsel LLC’s holdings in Invesco NASDAQ 100 ETF were worth $13,913,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Spectrum Strategic Capital Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $858,000. BankPlus Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $731,000. Foundations Investment Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 38,369 shares of the company’s stock worth $8,075,000 after acquiring an additional 724 shares during the last quarter. New Perspectives Inc grew its position in shares of Invesco NASDAQ 100 ETF by 15.9% during the fourth quarter. New Perspectives Inc now owns 17,227 shares of the company’s stock worth $3,625,000 after acquiring an additional 2,367 shares during the last quarter. Finally, Apexium Financial LP increased its stake in Invesco NASDAQ 100 ETF by 5.8% in the fourth quarter. Apexium Financial LP now owns 54,579 shares of the company’s stock valued at $11,486,000 after purchasing an additional 2,997 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $211.71 on Tuesday. The stock has a fifty day moving average price of $213.18 and a 200 day moving average price of $203.01. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $221.92. The company has a market cap of $41.08 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date was Monday, December 23rd.

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.