Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) was the target of unusually large options trading on Thursday. Traders purchased 4,645 call options on the stock. This represents an increase of 115% compared to the typical daily volume of 2,161 call options.
Institutional Investors Weigh In On Invesco NASDAQ 100 ETF
Several hedge funds have recently made changes to their positions in the company. Florida Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 71.0% in the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after acquiring an additional 7,252 shares in the last quarter. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $1,164,000. JDM Financial Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 37.2% in the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $4,938,000. Finally, HighTower Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 33.9% in the second quarter. HighTower Advisors LLC now owns 643,133 shares of the company’s stock worth $194,850,000 after purchasing an additional 162,761 shares during the last quarter.
Invesco NASDAQ 100 ETF Stock Performance
Shares of NASDAQ QQQM traded down $7.53 during mid-day trading on Friday, hitting $292.26. The stock had a trading volume of 3,836,176 shares, compared to its average volume of 3,985,765. The business has a 50 day moving average price of $299.22 and a two-hundred day moving average price of $289.56. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $314.11. The firm has a market cap of $106.33 billion, a P/E ratio of 31.95 and a beta of 1.22.
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.
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