jvl associates llc Acquires Shares of 8,711 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

jvl associates llc bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,711 shares of the company’s stock, valued at approximately $1,750,000. Invesco NASDAQ 100 ETF makes up approximately 0.7% of jvl associates llc’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock valued at $260,952,000 after purchasing an additional 80,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after purchasing an additional 83,702 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.2 %

Invesco NASDAQ 100 ETF stock traded up $2.36 during midday trading on Friday, hitting $200.56. The stock had a trading volume of 1,667,469 shares, compared to its average volume of 1,855,991. The business has a fifty day moving average price of $193.06 and a 200 day moving average price of $189.79. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The stock has a market cap of $33.79 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

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.