Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw unusually-strong trading volume on Tuesday . Approximately 1,575,256 shares were traded during trading, a decline of 14% from the previous session’s volume of 1,832,849 shares.The stock last traded at $203.62 and had previously closed at $203.89.

Invesco NASDAQ 100 ETF Stock Down 0.3 %

The company has a market capitalization of $34.66 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock has a fifty day simple moving average of $196.96 and a 200-day simple moving average of $191.60.

Invesco NASDAQ 100 ETF Cuts Dividend

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

Institutional Trading of Invesco NASDAQ 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CarsonAllaria Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $27,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $29,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $30,000. GAMMA Investing LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000.

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.