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 activity on Thursday. Stock investors bought 8,613 call options on the company. This is an increase of approximately 1,098% compared to the typical daily volume of 719 call options.

Invesco NASDAQ 100 ETF Stock Down 2.4 %

Shares of NASDAQ:QQQM traded down $4.99 during trading on Friday, hitting $204.35. 1,775,427 shares of the stock traded hands, compared to its average volume of 1,818,933. The company has a fifty day moving average price of $201.39 and a two-hundred day moving average price of $195.12. Invesco NASDAQ 100 ETF has a 52-week low of $157.44 and a 52-week high of $212.19. The company has a market cap of $34.82 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Monday, September 23rd.

Institutional Investors Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors have recently modified their holdings of the business. Ridgecrest Wealth Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 4.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after buying an additional 60 shares in the last quarter. Cutter & CO Brokerage Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after purchasing an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its stake in Invesco NASDAQ 100 ETF by 1.2% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after purchasing an additional 66 shares during the last quarter. Northstar Group Inc. raised its stake in Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the last quarter. Finally, Zhang Financial LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after purchasing an additional 70 shares in the last quarter.

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.