Wealthfront Advisers LLC Has $1.97 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Wealthfront Advisers LLC lowered its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 47.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,358 shares of the company’s stock after selling 8,494 shares during the period. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Calton & Associates Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock worth $490,000 after buying an additional 46 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 15.5% in the fourth quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock worth $78,000 after buying an additional 50 shares during the last quarter. Fulcrum Equity Management lifted its position in shares of Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock worth $349,000 after buying an additional 56 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after buying an additional 56 shares during the last quarter. Finally, Proactive Wealth Strategies LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.4% during the 4th quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock worth $886,000 after purchasing an additional 59 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $197.48 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64. The stock has a market capitalization of $39.21 billion, a PE ratio of 33.44 and a beta of 1.18. The stock has a 50-day simple moving average of $211.99 and a 200 day simple moving average of $207.33.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date 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.