Northwestern Mutual Wealth Management Co. Buys 173,431 Shares of Invesco NASDAQ 100 ETF $QQQM

Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.7% during the 2nd quarter, according to its most recent 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 quarter. Invesco NASDAQ 100 ETF makes up about 0.6% of Northwestern Mutual Wealth Management Co.’s investment portfolio, making the stock its 25th largest position. Northwestern Mutual Wealth Management Co.’s holdings in Invesco NASDAQ 100 ETF were worth $1,172,000,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its position in Invesco NASDAQ 100 ETF by 9.9% during the 2nd quarter. Wedbush Securities Inc. now owns 12,064 shares of the company’s stock valued at $3,655,000 after buying an additional 1,084 shares during the period. Sheets Smith Wealth Management lifted its stake in Invesco NASDAQ 100 ETF by 20.6% in the second quarter. Sheets Smith Wealth Management now owns 1,496 shares of the company’s stock worth $453,000 after acquiring an additional 256 shares during the period. Blue Edge Capital LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $2,357,000. Capital Square LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $402,000. Finally, Pinnacle Holdings LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $358,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $295.18 on Tuesday. The company has a 50 day simple moving average of $292.77 and a two-hundred day simple moving average of $276.97. The company has a market capitalization 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.

Invesco NASDAQ 100 ETF 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.