#NasdaqETFUpdate Here's an update on NASDAQ ETFs:
*Key NASDAQ ETFs:*
- *Invesco QQQ Trust Series 1 (QQQ)*: Tracks the Nasdaq-100 Index, comprising 100 large non-financial companies listed on the Nasdaq. Current price: $532.23, with a 0.29% increase.
- *Invesco Nasdaq 100 ETF (QQQM)*: Similar to QQQ, with a current price of $219.12 and a 0.27% increase.
- *JPM Nasdaq Equity Premium Income ETF (JEPQ)*: Focuses on generating premium income from Nasdaq-listed stocks, with a current price of $52.88 and a 0.15% increase ¹ ² ³.
*Performance:*
- Invesco QQQ has outperformed the S&P 500, with a 379.14% higher return since its launch in 1999.
- The Nasdaq-100 Index has shown strong growth, with QQQ's 10-year performance reflected at 16.98% growth versus 12.48% by the S&P 500 ⁴.
*Benefits:*
- *Diversified exposure*: NASDAQ ETFs provide access to a broad range of innovative companies, including tech giants like Apple, Amazon, and Google.
- *Liquidity*: Invesco QQQ is highly liquid, being the 2nd-most traded ETF in the US.
- *Tax efficiency*: ETFs are generally more tax-efficient than mutual funds due to their "in-kind" creation and redemption feature ⁴.