Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is IFG Advisors LLC’s 8th Largest Position

IFG Advisors LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,706 shares of the company’s stock after buying an additional 14,975 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Calton & Associates Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock valued at $490,000 after purchasing an additional 46 shares during the period. Montag A & Associates Inc. lifted its stake in Invesco NASDAQ 100 ETF by 15.5% in the fourth quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock worth $78,000 after acquiring an additional 50 shares during the period. Fulcrum Equity Management lifted its stake in Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after acquiring an additional 56 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after acquiring an additional 56 shares during the period. Finally, Proactive Wealth Strategies LLC lifted its stake in Invesco NASDAQ 100 ETF by 1.4% in the fourth quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock worth $886,000 after acquiring an additional 59 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.6 %

Shares of QQQM stock opened at $209.26 on Friday. The stock has a fifty day moving average of $214.93 and a 200 day moving average of $207.17. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The firm has a market capitalization of $41.55 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.3103 dividend. The ex-dividend date 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.