Strategic Blueprint LLC Trims Stake in Invesco NASDAQ 100 ETF $QQQM

Strategic Blueprint LLC trimmed its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,771 shares of the company’s stock after selling 1,385 shares during the period. Strategic Blueprint LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Uptick Partners LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.4% in the 2nd quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares during the last quarter. Opulen Financial Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after acquiring an additional 59 shares during the last quarter. Compass Advisory Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after acquiring an additional 60 shares during the last quarter. Purus Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.4% in the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after acquiring an additional 61 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3.3% in the 1st quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock valued at $396,000 after acquiring an additional 65 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.0%

NASDAQ QQQM opened at $254.02 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $254.58. The stock has a 50-day moving average of $243.14 and a 200-day moving average of $224.88. The firm has a market cap of $66.10 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.