Invesco NASDAQ 100 ETF Target of Unusually High Options Trading (NASDAQ:QQQM)

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

Institutional Inflows and Outflows

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

Invesco NASDAQ 100 ETF Trading Down 1.4 %

NASDAQ:QQQM traded down $2.94 during mid-day trading on Friday, hitting $206.40. The company had a trading volume of 119,089 shares, compared to its average volume of 1,811,479. The business has a fifty day simple moving average of $200.61 and a 200-day simple moving average of $194.84. 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 capitalization of $35.17 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, September 23rd.

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.