B. Riley Wealth Advisors Inc. Invests $647,000 in Invesco NASDAQ 100 ETF $QQQM

B. Riley Wealth Advisors Inc. bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,848 shares of the company’s stock, valued at approximately $647,000.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Newbridge Financial Services Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 92.2% in the second quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $101,000 after acquiring an additional 214 shares during the last quarter. Tyler Stone Wealth Management raised its holdings in shares of Invesco NASDAQ 100 ETF by 27.9% in the 2nd quarter. Tyler Stone Wealth Management now owns 6,521 shares of the company’s stock valued at $1,481,000 after purchasing an additional 1,423 shares during the period. Tactive Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $1,379,000. N.E.W. Advisory Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 5.5% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 1,099 shares of the company’s stock valued at $250,000 after purchasing an additional 57 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 465.7% during the second quarter. Geneos Wealth Management Inc. now owns 16,757 shares of the company’s stock worth $3,805,000 after purchasing an additional 13,795 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.2%

NASDAQ:QQQM opened at $251.85 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm has a market capitalization of $65.96 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average price is $252.71 and its two-hundred day moving average price is $239.72.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.