B. Riley Wealth Advisors Inc. Acquires Shares of 47,559 Invesco QQQ $QQQ

B. Riley Wealth Advisors Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ) during the second quarter, Holdings Channel.com reports. The fund bought 47,559 shares of the exchange traded fund’s stock, valued at approximately $26,235,000. Invesco QQQ comprises approximately 1.2% of B. Riley Wealth Advisors Inc.’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC raised its position in Invesco QQQ by 704,593.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Invesco QQQ by 0.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,223,327 shares of the exchange traded fund’s stock valued at $1,778,116,000 after buying an additional 22,220 shares during the period. HRT Financial LP raised its holdings in shares of Invesco QQQ by 118.3% in the second quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares in the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new stake in Invesco QQQ in the second quarter worth about $1,236,482,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.9%

Shares of Invesco QQQ stock opened at $613.62 on Friday. The firm’s 50-day moving average is $613.64 and its two-hundred day moving average is $580.58. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, September 22nd were paid a dividend of $0.694 per share. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.