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

IMG Wealth Management Inc. grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 16.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 reporting period.

Several other institutional investors also recently modified their holdings of the company. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after buying an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $742,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $280.86 on Tuesday. The firm’s 50-day simple moving average is $295.73 and its 200-day simple moving average is $270.34. Invesco NASDAQ 100 ETF has a twelve month low of $227.00 and a twelve month high of $308.21. The firm has a market cap of $95.81 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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