jvl associates llc Lowers Stake in Invesco NASDAQ 100 ETF $QQQM

jvl associates llc cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,246 shares of the company’s stock after selling 2,626 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.0% of jvl associates llc’s investment portfolio, making the stock its 17th largest position. jvl associates llc’s holdings in Invesco NASDAQ 100 ETF were worth $2,781,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Union Bancaire Privee UBP SA purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $25,000. Westwind Capital purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $27,000. NorthRock Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $28,000. Crews Bank & Trust grew its holdings in shares of Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 273.2% during the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after buying an additional 112 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $248.33 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $248.55. The company has a 50-day simple moving average of $238.07 and a 200-day simple moving average of $218.22. The company has a market cap of $59.54 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

Invesco NASDAQ 100 ETF Company 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.