IFG Advisors LLC Has $20.35 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

IFG Advisors LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,706 shares of the company’s stock after purchasing an additional 14,975 shares during the quarter. Invesco NASDAQ 100 ETF makes up 4.0% of IFG Advisors LLC’s portfolio, making the stock its 8th biggest position. IFG Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $20,352,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Smartleaf Asset Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 74,050.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,966 shares of the company’s stock valued at $630,000 after acquiring an additional 2,962 shares in the last quarter. Maia Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $462,000. Cape Investment Advisory Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 15.1% during the fourth quarter. Cape Investment Advisory Inc. now owns 3,133 shares of the company’s stock valued at $659,000 after acquiring an additional 410 shares in the last quarter. West Michigan Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 13.6% during the fourth quarter. West Michigan Advisors LLC now owns 3,710 shares of the company’s stock valued at $781,000 after acquiring an additional 443 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Invesco NASDAQ 100 ETF by 2.9% during the fourth quarter. US Bancorp DE now owns 93,538 shares of the company’s stock valued at $19,685,000 after acquiring an additional 2,601 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $209.26 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64. The business has a fifty day moving average price of $214.93 and a 200-day moving average price of $207.17. The company has a market capitalization of $41.55 billion, a PE ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.