Gradient Investments LLC Sells 6,431 Shares of Invesco NASDAQ 100 ETF $QQQM

Gradient Investments LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,631 shares of the company’s stock after selling 6,431 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.1% of Gradient Investments LLC’s portfolio, making the stock its 18th largest position. Gradient Investments LLC’s holdings in Invesco NASDAQ 100 ETF were worth $82,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC increased its stake in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. lifted its position in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $297.70 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21. The stock has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company’s 50 day moving average price is $294.00 and its 200-day moving average price is $272.19.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Invesco NASDAQ 100 ETF Company 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.