B. Riley Wealth Advisors Inc. Acquires 21,129 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

B. Riley Wealth Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 98.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,555 shares of the company’s stock after acquiring an additional 21,129 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,774,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. M&R Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Larson Financial Group LLC grew its stake in Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 106 shares in the last quarter. Richardson Financial Services Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $40,000. Finally, Wetzel Investment Advisors Inc. bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $42,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock traded up $5.47 during trading on Wednesday, reaching $193.76. The company had a trading volume of 2,395,957 shares, compared to its average volume of 1,745,635. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The company has a market cap of $29.74 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm has a 50-day simple moving average of $195.45 and a 200-day simple moving average of $184.66.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Monday, June 24th.

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.