Sterling Investment Counsel LLC Purchases 1,955 Shares of Invesco NASDAQ 100 ETF $QQQM

Sterling Investment Counsel LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,854 shares of the company’s stock after buying an additional 1,955 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 8.8% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 4th largest holding. Sterling Investment Counsel LLC’s holdings in Invesco NASDAQ 100 ETF were worth $37,221,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after acquiring an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after acquiring an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 11.9% in the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after acquiring an additional 313,262 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its holdings in Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after purchasing an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.7%

Shares of Invesco NASDAQ 100 ETF stock opened at $297.98 on Thursday. The stock has a market capitalization of $102.28 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock has a 50 day moving average price of $293.45 and a two-hundred day moving average price of $273.23. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 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.