Invesco NASDAQ 100 ETF $QQQM Shares Sold by Brueske Advisory Services LLC

Brueske Advisory Services LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.0% in the second quarter, HoldingsChannel reports. The firm owned 36,202 shares of the company’s stock after selling 3,588 shares during the period. Invesco NASDAQ 100 ETF makes up 5.6% of Brueske Advisory Services LLC’s portfolio, making the stock its 4th biggest position. Brueske Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $25,000. Westwind Capital bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $27,000. NorthRock Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $28,000. Crews Bank & Trust boosted its position in shares of Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $30,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

QQQM stock opened at $247.12 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $248.17. The firm has a market cap of $59.25 billion, a PE ratio of 31.95 and a beta of 1.18. The business’s 50-day moving average price is $237.74 and its two-hundred day moving average price is $218.02.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.