Northwestern Mutual Wealth Management Co. Has $15.80 Million Holdings in Invesco NASDAQ Next Gen 100 ETF $QQQJ

Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 3,437.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 428,631 shares of the company’s stock after purchasing an additional 416,514 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $15,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WealthCare Investment Partners LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 1.3% in the 4th quarter. WealthCare Investment Partners LLC now owns 23,594 shares of the company’s stock worth $885,000 after purchasing an additional 294 shares during the period. Invesco Ltd. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.6% in the 2nd quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock worth $1,753,000 after purchasing an additional 300 shares during the period. Centaurus Financial Inc. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 7.6% in the 3rd quarter. Centaurus Financial Inc. now owns 7,126 shares of the company’s stock worth $255,000 after purchasing an additional 504 shares during the period. MML Investors Services LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 3.0% in the 2nd quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after purchasing an additional 509 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 183.3% during the 4th quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $31,000 after buying an additional 550 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Invesco NASDAQ Next Gen 100 ETF stock opened at $42.06 on Thursday. The firm has a 50-day moving average of $38.95 and a 200-day moving average of $38.06. Invesco NASDAQ Next Gen 100 ETF has a one year low of $30.16 and a one year high of $42.32. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.0551 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ Next Gen 100 ETF Profile

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.