Migdal Insurance & Financial Holdings Ltd. Grows Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,160 shares of the company’s stock after purchasing an additional 1,704 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $18,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 14.4% during the 4th quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after buying an additional 1,170,093 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,653,767 shares of the company’s stock valued at $1,610,735,000 after purchasing an additional 84,709 shares in the last quarter. FMR LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 46.5% in the 4th quarter. FMR LLC now owns 2,261,812 shares of the company’s stock valued at $478,521,000 after purchasing an additional 717,591 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 11.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,630,124 shares of the company’s stock valued at $343,059,000 after purchasing an additional 172,596 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 36.9% in the 4th quarter. Ameriprise Financial Inc. now owns 1,528,582 shares of the company’s stock valued at $321,636,000 after purchasing an additional 411,658 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.1%

Shares of QQQM traded up $0.22 during trading hours on Friday, reaching $231.47. The company had a trading volume of 236,023 shares, compared to its average volume of 2,447,472. The firm has a 50 day simple moving average of $219.39 and a 200-day simple moving average of $208.67. The company has a market capitalization of $54.64 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $231.89.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.3161 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, June 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.