Stewardship Advisors LLC Purchases 8,128 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Stewardship Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.3% during the first quarter, Holdings Channel reports. The institutional investor owned 137,126 shares of the company’s stock after acquiring an additional 8,128 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 7.2% of Stewardship Advisors LLC’s investment portfolio, making the stock its 2nd largest position. Stewardship Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $26,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Northern Trust Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $420,000. Proficio Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $6,882,000. HighTower Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 45,980 shares of the company’s stock worth $9,676,000 after buying an additional 587 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Invesco NASDAQ 100 ETF by 1,271.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock worth $7,233,000 after buying an additional 31,863 shares during the last quarter. Finally, Bestgate Wealth Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $2,815,000.

Invesco NASDAQ 100 ETF Stock Down 1.3%

Shares of QQQM opened at $216.94 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $222.64. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18. The stock’s 50-day moving average price is $202.80 and its 200-day moving average price is $206.98.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a dividend of $0.3176 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.