National Mutual Insurance Federation of Agricultural Cooperatives Sells 450,000 Shares of Invesco NASDAQ 100 ETF $QQQM

National Mutual Insurance Federation of Agricultural Cooperatives lessened its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,505,000 shares of the company’s stock after selling 450,000 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.7% of National Mutual Insurance Federation of Agricultural Cooperatives’ investment portfolio, making the stock its 8th biggest position. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Invesco NASDAQ 100 ETF were worth $619,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after acquiring an additional 152,512 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after acquiring an additional 1,630,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ 100 ETF by 14.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock valued at $764,588,000 after acquiring an additional 433,686 shares during the last quarter. Finally, Vantagepoint Investment Advisers LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $538,021,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $256.05 on Friday. The business has a fifty day moving average price of $255.19 and a two-hundred day moving average price of $247.23. The stock has a market capitalization of $72.68 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.