IHT Wealth Management LLC Buys 5,449 Shares of Invesco NASDAQ 100 ETF $QQQM

IHT Wealth Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 166,868 shares of the company’s stock after acquiring an additional 5,449 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 1.0% of IHT Wealth Management LLC’s investment portfolio, making the stock its 16th largest position. IHT Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $42,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQM. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1,615.9% during the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock worth $241,488,000 after buying an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd boosted its holdings in Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after buying an additional 587,107 shares during the last quarter. Royal Bank of Canada boosted its holdings in Invesco NASDAQ 100 ETF by 62.9% during the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after buying an additional 497,004 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 22.4% during the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after buying an additional 422,032 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.0%

Shares of QQQM opened at $297.57 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21. The stock has a market cap of $89.32 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock’s 50-day moving average price is $283.94 and its two-hundred day moving average price is $262.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given 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 0.4%. The ex-dividend date of this dividend 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.