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

IFG Advisory LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 68.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,103 shares of the company’s stock after purchasing an additional 15,930 shares during the period. IFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $617,000. Drake & Associates LLC boosted its position in Invesco NASDAQ 100 ETF by 4.7% in the third quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock valued at $12,845,000 after buying an additional 2,268 shares in the last quarter. Atria Investments Inc boosted its position in Invesco NASDAQ 100 ETF by 6.1% in the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock valued at $14,093,000 after buying an additional 3,275 shares in the last quarter. Blue Edge Capital LLC boosted its position in Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after buying an additional 5,309 shares in the last quarter. Finally, EdgeRock Capital LLC boosted its position in Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after buying an additional 3,809 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

NASDAQ:QQQM opened at $300.38 on Thursday. The firm has a market cap of $90.17 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 12 month low of $210.80 and a 12 month high of $301.82. The company’s 50-day moving average price is $266.19 and its two-hundred day moving average price is $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.