Invesco NASDAQ 100 ETF $QQQM Shares Sold by Gradient Investments LLC

Gradient Investments LLC reduced its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 69.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,532 shares of the company’s stock after selling 635,347 shares during the period. Invesco NASDAQ 100 ETF makes up 1.2% of Gradient Investments LLC’s holdings, making the stock its 15th biggest position. Gradient Investments LLC’s holdings in Invesco NASDAQ 100 ETF were worth $85,157,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Avidian Wealth Enterprises LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 19.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 18,875 shares of the company’s stock valued at $5,750,000 after purchasing an additional 3,069 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 25.2% during the third quarter. Valeo Financial Advisors LLC now owns 13,720 shares of the company’s stock worth $4,180,000 after buying an additional 2,762 shares during the last quarter. Ayalon Insurance Comp Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 14.5% during the third quarter. Ayalon Insurance Comp Ltd. now owns 102,632 shares of the company’s stock worth $31,266,000 after buying an additional 12,982 shares during the last quarter. JP Wealth Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. JP Wealth Management Inc. now owns 116,619 shares of the company’s stock valued at $35,527,000 after buying an additional 750 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in Invesco NASDAQ 100 ETF by 1.1% in the 3rd quarter. Cooper Financial Group now owns 27,994 shares of the company’s stock valued at $8,528,000 after buying an additional 299 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.8%

Shares of QQQM traded down $5.75 during midday trading on Thursday, reaching $306.19. The company had a trading volume of 1,442,693 shares, compared to its average volume of 4,010,359. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $314.11. The firm has a 50 day simple moving average of $297.53 and a 200-day simple moving average of $286.74. The stock has a market cap of $110.41 billion, a PE ratio of 31.95 and a beta of 1.22.

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.