IFP Advisors Inc Purchases 6,676 Shares of Invesco NASDAQ 100 ETF $QQQM

IFP Advisors Inc raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 70.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,210 shares of the company’s stock after purchasing an additional 6,676 shares during the period. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $3,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. National Mutual Insurance Federation of Agricultural Cooperatives grew its holdings in Invesco NASDAQ 100 ETF by 5.9% during the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after purchasing an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after acquiring an additional 421,792 shares during the period. Meitav Investment House Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after acquiring an additional 81,933 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after acquiring an additional 68,935 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $242.67 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $252.42. The business has a fifty day moving average price of $240.37 and a 200-day moving average price of $220.64. The firm has a market capitalization of $62.39 billion, a P/E ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.