Invesco NASDAQ 100 ETF $QQQM Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 58.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,292 shares of the company’s stock after selling 117,812 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco NASDAQ 100 ETF were worth $20,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in QQQM. Cypress Wealth Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after purchasing an additional 41 shares during the last quarter. Base Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after buying an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after buying an additional 43 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.3% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after acquiring an additional 48 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.1%

Shares of NASDAQ QQQM opened at $250.36 on Tuesday. The stock’s fifty day simple moving average is $253.64 and its 200 day simple moving average is $249.84. The stock has a market capitalization of $71.81 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.