IMG Wealth Management Inc. Purchases 3,631 Shares of Invesco NASDAQ 100 ETF $QQQM

IMG Wealth Management Inc. boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,141 shares of the company’s stock after purchasing an additional 3,631 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.5% of IMG Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. IMG Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,963,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of QQQM. Meitav Investment House Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 25.3% during the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after purchasing an additional 520,102 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Invesco NASDAQ 100 ETF by 35.5% in the first quarter. Royal Bank of Canada now owns 1,743,076 shares of the company’s stock worth $414,189,000 after purchasing an additional 456,274 shares during the period. Japan Science & Technology Agency bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth $130,019,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco NASDAQ 100 ETF by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after buying an additional 173,431 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock worth $2,289,586,000 after buying an additional 170,070 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $296.96 on Wednesday. The firm has a market capitalization of $109.31 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $314.11. The stock has a fifty day moving average of $298.64 and a 200 day moving average of $279.04.

Invesco NASDAQ 100 ETF Profile

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.