Invesco NASDAQ 100 ETF $QQQM Stake Lifted by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3,234.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,098,047 shares of the company’s stock after acquiring an additional 3,005,140 shares during the period. Invesco NASDAQ 100 ETF accounts for about 6.7% of Migdal Insurance & Financial Holdings Ltd.’s investment portfolio, making the stock its 2nd largest position. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $783,561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. Avaii Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after acquiring an additional 40 shares during the period. Cypress Wealth Services LLC lifted its position in Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares in the last quarter. Base Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after buying an additional 43 shares in the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after buying an additional 43 shares in the last quarter. Finally, Modera Wealth Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 1.2% during the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after purchasing an additional 46 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.4%

QQQM opened at $265.31 on Wednesday. The firm has a market capitalization of $78.11 billion, a P/E ratio of 31.95 and a beta of 1.19. The firm’s 50 day moving average is $248.28 and its 200-day moving average is $251.71. Invesco NASDAQ 100 ETF has a 52-week low of $180.18 and a 52-week high of $267.62.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed 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 an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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.