Northwestern Mutual Wealth Management Co. Has $21.85 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 97.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 86,402 shares of the company’s stock after selling 3,512,309 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco NASDAQ 100 ETF were worth $21,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after acquiring an additional 3,005,140 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $538,021,000. Bouchey Financial Group Ltd grew its position in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after buying an additional 587,107 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco NASDAQ 100 ETF by 25.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock valued at $560,746,000 after buying an additional 469,957 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after buying an additional 422,032 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

NASDAQ QQQM opened at $288.84 on Wednesday. The business’s 50-day moving average price is $260.36 and its two-hundred day moving average price is $255.75. Invesco NASDAQ 100 ETF has a 12 month low of $208.18 and a 12 month high of $297.29. The firm has a market capitalization of $86.70 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QQQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report).

Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Receive News & Ratings for Invesco NASDAQ 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco NASDAQ 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.