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

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

Invesco NASDAQ 100 ETF Stock Down 1.4 %

Shares of NASDAQ QQQM traded down $2.94 during mid-day trading on Friday, hitting $206.40. 119,089 shares of the company were exchanged, compared to its average volume of 1,811,479. Invesco NASDAQ 100 ETF has a 1-year low of $157.44 and a 1-year high of $212.19. The firm has a market cap of $35.17 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a 50 day simple moving average of $200.61 and a 200-day simple moving average of $194.84.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $27,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter worth $36,000. Finally, Rothschild Investment LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $36,000.

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.