IFG Advisory LLC Buys 15,930 Shares of Invesco NASDAQ 100 ETF $QQQM

IFG Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 68.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 39,103 shares of the company’s stock after purchasing an additional 15,930 shares during the quarter. IFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,890,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $25,000. New Millennium Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the period. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Abich Financial Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Finally, Bank & Trust Co bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Stock Down 0.1%

NASDAQ QQQM opened at $300.38 on Thursday. The stock has a market cap of $90.17 billion, a P/E ratio of 31.95 and a beta of 1.21. The company’s 50-day simple moving average is $266.19 and its 200 day simple moving average is $257.44. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $301.82.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid 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%.

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.