Gradient Investments LLC Lowers Stake in Invesco NASDAQ 100 ETF $QQQM

Gradient Investments LLC reduced its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 272,631 shares of the company’s stock after selling 6,431 shares during the period. Invesco NASDAQ 100 ETF makes up 1.1% of Gradient Investments LLC’s investment portfolio, making the stock its 18th biggest position. Gradient Investments LLC owned about 0.08% of Invesco NASDAQ 100 ETF worth $82,599,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after purchasing an additional 65,487 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after purchasing an additional 3,005,140 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $297.70 on Friday. The business has a 50 day moving average of $294.00 and a 200 day moving average of $272.19. The company has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend 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.