JDM Financial Group LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

JDM Financial Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 60.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,814 shares of the company’s stock after acquiring an additional 2,947 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 0.8% of JDM Financial Group LLC’s holdings, making the stock its 22nd biggest holding. JDM Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,775,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in Invesco NASDAQ 100 ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock valued at $1,726,216,000 after buying an additional 152,512 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in Invesco NASDAQ 100 ETF by 5.9% during the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after buying an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after buying an additional 368,544 shares during the period. Raymond James Financial Inc. boosted its stake in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after acquiring an additional 81,933 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of QQQM opened at $260.57 on Wednesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $261.28. The company has a 50 day moving average of $244.08 and a two-hundred day moving average of $226.50. The company has a market cap of $67.94 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date 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.