RIA Advisory Group LLC Acquires Shares of 1,459 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

RIA Advisory Group LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,459 shares of the company’s stock, valued at approximately $293,000.

A number of other hedge funds have also recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $27,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $29,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $30,000. GAMMA Investing LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded down $4.99 on Friday, hitting $204.35. 1,775,427 shares of the company traded hands, compared to its average volume of 1,818,933. The business has a 50-day simple moving average of $201.39 and a 200 day simple moving average of $195.12. Invesco NASDAQ 100 ETF has a 52 week low of $157.44 and a 52 week high of $212.19. The stock has a market capitalization of $34.82 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.