Gradient Investments LLC Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Gradient Investments LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,052 shares of the company’s stock after purchasing an additional 8,429 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.1% of Gradient Investments LLC’s holdings, making the stock its 21st largest position. Gradient Investments LLC’s holdings in Invesco NASDAQ 100 ETF were worth $66,784,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its stake in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $239.64 on Monday. The company’s 50 day simple moving average is $251.35 and its two-hundred day simple moving average is $251.05. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The stock has a market capitalization of $68.74 billion, a PE ratio of 31.95 and a beta of 1.16.

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.