Gladstone Institutional Advisory LLC Purchases 18,365 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Gladstone Institutional Advisory LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,209 shares of the company’s stock after buying an additional 18,365 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.0% of Gladstone Institutional Advisory LLC’s portfolio, making the stock its 17th largest holding. Gladstone Institutional Advisory LLC owned about 0.05% of Invesco NASDAQ 100 ETF worth $21,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Calton & Associates Inc. raised its stake in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock worth $490,000 after acquiring an additional 46 shares in the last quarter. Fulcrum Equity Management increased its position in Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after purchasing an additional 56 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after purchasing an additional 56 shares in the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 4.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after purchasing an additional 60 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,046 shares of the company’s stock valued at $431,000 after buying an additional 68 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $217.40 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92. The company has a market capitalization of $43.17 billion, a PE ratio of 34.39 and a beta of 1.18. The company has a fifty day moving average of $214.71 and a 200-day moving average of $204.33.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF 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.