JPMorgan Chase & Co. Has $45.44 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

JPMorgan Chase & Co. lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.5% during the second quarter, HoldingsChannel.com reports. The fund owned 200,104 shares of the company’s stock after selling 51,449 shares during the period. JPMorgan Chase & Co.’s holdings in Invesco NASDAQ 100 ETF were worth $45,444,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QQQM. NorthRock Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $28,000. Pflug Koory LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $32,000. PrairieView Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 400.0% in the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after buying an additional 132 shares in the last quarter. ROSS JOHNSON & Associates LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $42,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth $43,000.

Invesco NASDAQ 100 ETF Stock Up 0.8%

NASDAQ QQQM opened at $254.97 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company has a market cap of $66.78 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s fifty day moving average is $250.73 and its 200 day moving average is $236.12.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.