Northwestern Mutual Wealth Management Co. lowered its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free 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
Invesco NASDAQ 100 ETF Profile
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.
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