Invesco NASDAQ 100 ETF $QQQM Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,664,198 shares of the company’s stock after purchasing an additional 65,487 shares during the quarter. Invesco NASDAQ 100 ETF comprises 0.6% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 28th biggest holding. Northwestern Mutual Wealth Management Co.’s holdings in Invesco NASDAQ 100 ETF were worth $926,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $617,000. Drake & Associates LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.7% in the 3rd quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock worth $12,845,000 after buying an additional 2,268 shares during the last quarter. Atria Investments Inc boosted its stake in Invesco NASDAQ 100 ETF by 6.1% in the 3rd quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock worth $14,093,000 after buying an additional 3,275 shares during the last quarter. Blue Edge Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after buying an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after buying an additional 3,809 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.8%

Shares of NASDAQ:QQQM opened at $302.85 on Friday. The stock’s 50-day moving average price is $267.28 and its two-hundred day moving average price is $257.80. Invesco NASDAQ 100 ETF has a 12-month low of $210.80 and a 12-month high of $303.26. The firm has a market cap of $90.91 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF Company 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.

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