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Here are some key updates on Nasdaq ETFs:
Nasdaq ETFs Performance
- *Invesco QQQ Trust Series 1*: Current price $530.70, 0.15% change, tracking the Nasdaq-100 Index with a market cap of $2.09 trillion indirectly through its tracking.
- *Invesco NASDAQ 100 ETF (QQQM)*: Current price $218.52, 0.17% change, provides exposure to the Nasdaq-100 Index.
- *JPM NASDAQ Equity Premium (JEPQ)*: Current price $52.80, 0.19% change, offers a unique investment strategy.
Nasdaq-100 Index Composition
The Nasdaq-100 Index comprises the 100 largest non-financial companies traded on the Nasdaq, including tech giants and innovative companies. Some notable holdings include ¹ ² ³:
- *Qualcomm Inc. (QCOM)*: Current price $155.41, 4.13% change, market cap of $163.87 billion
Benefits of Nasdaq ETFs
- *Diversification*: Gain exposure to a broad range of innovative companies with a single investment.
- *Liquidity*: Highly liquid due to high trading volumes.
- *Tax Efficiency*: Designed to reduce cash transactions and capital gains distributions.
Popular Nasdaq ETFs
- *Invesco QQQ ETF*: One of the oldest and most traded ETFs, with a 5-star Morningstar rating and 379.14% more returns than the S&P 500 since its launch.
- *Motilal Oswal Nasdaq 100 ETF*: Available for online investment with potential market risks ⁴ ⁵.