Northwestern Mutual Wealth Management Co. Has $1.17 Billion Position in Invesco NASDAQ 100 ETF $QQQM

Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,868,368 shares of the company’s stock after purchasing an additional 173,431 shares during the period. Invesco NASDAQ 100 ETF comprises 0.6% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 25th largest holding. Northwestern Mutual Wealth Management Co. owned approximately 1.13% of Invesco NASDAQ 100 ETF worth $1,172,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter worth approximately $31,000. Investors Research Corp acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $38,000. Versant Capital Management Inc bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $41,000. Finally, Owl Creek Wealth Partners LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 545.5% during the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock valued at $43,000 after acquiring an additional 120 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $295.18 on Tuesday. The stock has a market cap of $101.32 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21. The firm’s 50-day simple moving average is $292.77 and its 200 day simple moving average is $276.97.

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.