Invesco NASDAQ 100 ETF Sees Unusually Large Options Volume (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the target of unusually large options trading on Thursday. Stock investors acquired 8,613 call options on the stock. This is an increase of approximately 1,098% compared to the typical volume of 719 call options.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of large investors have recently made changes to their positions in the stock. Goodman Advisory Group LLC boosted its position in Invesco NASDAQ 100 ETF by 25.3% in the third quarter. Goodman Advisory Group LLC now owns 6,772 shares of the company’s stock valued at $1,360,000 after buying an additional 1,369 shares during the last quarter. Valued Retirements Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $302,000. Executive Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Executive Wealth Management LLC now owns 49,239 shares of the company’s stock worth $9,890,000 after acquiring an additional 1,540 shares during the period. Barclays PLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 4,489.8% during the third quarter. Barclays PLC now owns 21,113 shares of the company’s stock worth $4,241,000 after purchasing an additional 20,653 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 14.7% during the 3rd quarter. Continuum Advisory LLC now owns 2,388 shares of the company’s stock valued at $500,000 after buying an additional 306 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 2.4 %

Shares of QQQM stock traded down $4.99 during trading hours on Friday, reaching $204.35. 1,775,427 shares of the company’s stock were exchanged, compared to its average volume of 1,818,933. The stock has a market cap of $34.82 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s fifty day moving average price is $201.39 and its two-hundred day moving average price is $195.12. Invesco NASDAQ 100 ETF has a 1 year low of $157.44 and a 1 year high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

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

Invesco NASDAQ 100 ETF Company 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.