IHT Wealth Management LLC Purchases 5,449 Shares of Invesco NASDAQ 100 ETF $QQQM

IHT Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,868 shares of the company’s stock after acquiring an additional 5,449 shares during the period. Invesco NASDAQ 100 ETF accounts for 1.0% of IHT Wealth Management LLC’s portfolio, making the stock its 16th largest position. IHT Wealth Management LLC owned 0.06% of Invesco NASDAQ 100 ETF worth $42,204,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in QQQM. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Principia Wealth Advisory LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after acquiring an additional 899,154 shares during the last quarter. Bouchey Financial Group Ltd boosted its holdings in Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the last quarter. Royal Bank of Canada boosted its holdings in Invesco NASDAQ 100 ETF by 62.9% in the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after acquiring an additional 497,004 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after acquiring an additional 422,032 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.0%

Invesco NASDAQ 100 ETF stock opened at $297.57 on Thursday. The business’s 50-day simple moving average is $283.94 and its 200 day simple moving average is $262.64. The stock has a market cap of $89.32 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 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.