Eldridge Investment Advisors Inc. Cuts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Eldridge Investment Advisors Inc. reduced its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.4% in the 4th quarter, HoldingsChannel reports. The firm owned 21,200 shares of the company’s stock after selling 6,472 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.2% of Eldridge Investment Advisors Inc.’s holdings, 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 filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp raised its holdings in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after buying an additional 47 shares during the period. ROSS JOHNSON & Associates LLC grew its position in Invesco NASDAQ 100 ETF by 23.1% during the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock worth $66,000 after buying an additional 50 shares during the period. Finally, TIAA Trust National Association grew its position in Invesco NASDAQ 100 ETF by 5.4% during the fourth quarter. TIAA Trust National Association now owns 979 shares of the company’s stock worth $248,000 after buying an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.5%

QQQM stock opened at $294.81 on Tuesday. The firm has a 50 day moving average of $275.73 and a 200-day moving average of $260.26. The company has a market cap of $88.50 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.