Invesco NASDAQ 100 ETF $QQQM is National Mutual Insurance Federation of Agricultural Cooperatives’ 8th Largest Position

National Mutual Insurance Federation of Agricultural Cooperatives lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,955,000 shares of the company’s stock after selling 310,000 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 5.4% of National Mutual Insurance Federation of Agricultural Cooperatives’ portfolio, making the stock its 8th biggest holding. National Mutual Insurance Federation of Agricultural Cooperatives owned approximately 1.23% of Invesco NASDAQ 100 ETF worth $671,080,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after buying an additional 152,512 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after buying an additional 368,544 shares during the period. Raymond James Financial Inc. lifted its position in Invesco NASDAQ 100 ETF by 23.7% during the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after buying an additional 421,792 shares in the last quarter. Meitav Investment House Ltd. grew its stake in Invesco NASDAQ 100 ETF by 4.6% during the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after buying an additional 81,933 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after acquiring an additional 68,935 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of QQQM stock opened at $255.89 on Wednesday. The company has a market cap of $67.02 billion, a PE ratio of 31.95 and a beta of 1.16. The company’s fifty day simple moving average is $248.45 and its 200-day simple moving average is $231.73. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

About Invesco NASDAQ 100 ETF

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.