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

Northwestern Mutual Wealth Management Co. cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 97.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $617,000. Aspire Growth Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock worth $6,166,000 after buying an additional 2,747 shares in the last quarter. Drake & Associates LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.7% during 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 in the last quarter. Blue Edge Capital LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 29.9% during 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 in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.1% during 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 in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $288.84 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $208.18 and a 52 week high of $297.29. The stock has a market capitalization of $86.70 billion, a P/E ratio of 31.95 and a beta of 1.21. The stock has a fifty day moving average of $260.36 and a 200-day moving average of $255.75.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend 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 Company 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.