IFP Advisors Inc Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

IFP Advisors Inc lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,476 shares of the company’s stock after purchasing an additional 8,614 shares during the quarter. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $6,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its position in Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after buying an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its position in Invesco NASDAQ 100 ETF by 0.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco NASDAQ 100 ETF by 6.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock valued at $889,313,000 after buying an additional 231,965 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $293.63 on Thursday. The firm’s 50-day moving average is $261.23 and its two-hundred day moving average is $256.01. Invesco NASDAQ 100 ETF has a 12 month low of $208.18 and a 12 month high of $297.29. The stock has a market capitalization of $88.14 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. 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 yield of 0.4%.

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.