Gradient Investments LLC Buys 8,429 Shares of Invesco NASDAQ 100 ETF $QQQM

Gradient Investments LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,052 shares of the company’s stock after acquiring an additional 8,429 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.1% of Gradient Investments LLC’s portfolio, making the stock its 21st largest holding. Gradient Investments LLC owned about 0.10% of Invesco NASDAQ 100 ETF worth $66,784,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $26,000. New Millennium Group LLC increased its stake in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $28,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Stock Down 1.9%

Shares of NASDAQ QQQM opened at $239.64 on Monday. The company has a market capitalization of $68.74 billion, a PE ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average price is $251.35 and its 200-day moving average price is $251.05. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

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.