IMG Wealth Management Inc. Grows Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

IMG Wealth Management Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 72,456.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,139 shares of the company’s stock after purchasing an additional 18,114 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 2.9% of IMG Wealth Management Inc.’s portfolio, making the stock its 11th largest holding. IMG Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,588,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th 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. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000. Bouchey Financial Group Ltd increased its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the 4th 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. Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after buying an additional 469,957 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% during the 3rd 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 Price Performance

Shares of NASDAQ QQQM opened at $291.89 on Friday. The company has a 50 day simple moving average of $258.72 and a 200-day simple moving average of $255.37. The company has a market capitalization of $87.62 billion, a P/E ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.