IMG Wealth Management Inc. Buys 2,995 Shares of Invesco NASDAQ 100 ETF $QQQM

IMG Wealth Management Inc. raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.5% during the first quarter, HoldingsChannel.com reports. The fund owned 21,134 shares of the company’s stock after acquiring an additional 2,995 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 3.2% of IMG Wealth Management Inc.’s holdings, making the stock its 10th largest position. IMG Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,022,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QQQM. Glen Eagle Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 28.8% during the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock valued at $48,000 after acquiring an additional 45 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Invesco NASDAQ 100 ETF by 194.9% in the 1st quarter. Quantinno Capital Management LP now owns 36,010 shares of the company’s stock worth $8,557,000 after purchasing an additional 23,798 shares during the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 764.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 37,588 shares of the company’s stock worth $8,932,000 after purchasing an additional 33,240 shares during the last quarter. Blue Chip Partners LLC increased its position in shares of Invesco NASDAQ 100 ETF by 14.1% during the 1st quarter. Blue Chip Partners LLC now owns 4,262 shares of the company’s stock worth $1,013,000 after purchasing an additional 527 shares in the last quarter. Finally, Compound Planning Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 21.6% during the 1st quarter. Compound Planning Inc. now owns 2,227 shares of the company’s stock worth $529,000 after purchasing an additional 395 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of QQQM stock opened at $280.86 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $227.00 and a 12-month high of $308.21. The company has a market capitalization of $95.81 billion, a P/E ratio of 31.95 and a beta of 1.22. The firm has a 50-day moving average price of $295.73 and a 200 day moving average price of $270.34.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.