Migdal Insurance & Financial Holdings Ltd. Has $22.96 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Migdal Insurance & Financial Holdings Ltd. cut its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,907 shares of the company’s stock after selling 15,901 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $22,958,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of QQQM. E Fund Management Hong Kong Co. Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 1,473.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after acquiring an additional 5,333 shares during the last quarter. Evolution Wealth Management Inc. boosted its position in Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after purchasing an additional 5,717 shares during the period. Boyum Wealth Architects LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares in the last quarter. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $1,932,000. Finally, Brookstone Capital Management raised its position in shares of Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after purchasing an additional 24,904 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 2.1%

QQQM opened at $250.37 on Wednesday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The company has a market cap of $70.31 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a 50 day moving average of $253.64 and a 200 day moving average of $245.73.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

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.