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

Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,664,198 shares of the company’s stock after purchasing an additional 65,487 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 0.6% of Northwestern Mutual Wealth Management Co.’s portfolio, making the stock its 28th biggest holding. Northwestern Mutual Wealth Management Co. owned about 1.28% of Invesco NASDAQ 100 ETF worth $926,749,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Savant Capital LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 2.3% during the fourth quarter. Savant Capital LLC now owns 3,673 shares of the company’s stock worth $929,000 after acquiring an additional 83 shares during the period. Moors & Cabot Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 3.2% during the fourth quarter. Moors & Cabot Inc. now owns 6,063 shares of the company’s stock worth $1,533,000 after acquiring an additional 187 shares during the period. CFS Investment Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% during the fourth quarter. CFS Investment Advisory Services LLC now owns 11,895 shares of the company’s stock worth $3,008,000 after acquiring an additional 375 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 14.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 67,295 shares of the company’s stock worth $17,020,000 after acquiring an additional 8,622 shares during the period. Finally, IFG Advisory LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 68.7% during the fourth quarter. IFG Advisory LLC now owns 39,103 shares of the company’s stock worth $9,890,000 after acquiring an additional 15,930 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of Invesco NASDAQ 100 ETF stock opened at $302.85 on Friday. The company’s 50-day simple moving average is $267.28 and its 200-day simple moving average is $257.80. Invesco NASDAQ 100 ETF has a 52-week low of $210.80 and a 52-week 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 disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. 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.

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.