JDM Financial Group LLC Has $950,000 Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

JDM Financial Group LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,728 shares of the company’s stock after purchasing an additional 527 shares during the quarter. Invesco NASDAQ 100 ETF makes up 0.5% of JDM Financial Group LLC’s investment portfolio, making the stock its 24th largest position. JDM Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of QQQM. Comerica Bank boosted its position in Invesco NASDAQ 100 ETF by 73.4% during the first quarter. Comerica Bank now owns 4,636 shares of the company’s stock worth $847,000 after purchasing an additional 1,962 shares during the period. GAMMA Investing LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $36,000. GPS Wealth Strategies Group LLC grew its stake in Invesco NASDAQ 100 ETF by 32.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 60,145 shares of the company’s stock valued at $11,855,000 after buying an additional 14,696 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Invesco NASDAQ 100 ETF by 16.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 30,373 shares of the company’s stock worth $5,987,000 after acquiring an additional 4,378 shares during the period. Finally, TruWealth Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 0.6% during the 2nd quarter. TruWealth Advisors LLC now owns 174,068 shares of the company’s stock worth $34,311,000 after acquiring an additional 1,006 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $215.04 on Tuesday. The firm has a market capitalization of $36.64 billion, a PE ratio of 34.39 and a beta of 1.18. The business’s 50-day simple moving average is $205.90 and its 200-day simple moving average is $198.46. Invesco NASDAQ 100 ETF has a 52 week low of $161.13 and a 52 week high of $216.80.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.56%.

About Invesco NASDAQ 100 ETF

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.