Stock Traders Buy Large Volume of Invesco NASDAQ 100 ETF Call Options (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) was the recipient of some unusual options trading activity on Thursday. Traders purchased 4,645 call options on the company. This is an increase of 115% compared to the average daily volume of 2,161 call options.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QQQM. Invesco Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,557,285 shares of the company’s stock valued at $2,289,586,000 after purchasing an additional 170,070 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco NASDAQ 100 ETF by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,868,368 shares of the company’s stock worth $1,172,000,000 after buying an additional 173,431 shares during the period. Meitav Investment House Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 25.3% during the first quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after buying an additional 120,112 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.6%

QQQM traded down $1.74 during trading hours on Thursday, hitting $298.39. The company’s stock had a trading volume of 2,467,145 shares, compared to its average volume of 3,980,598. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $314.11. The company has a 50-day simple moving average of $299.22 and a 200 day simple moving average of $289.07. The firm has a market capitalization of $108.56 billion, a PE ratio of 31.95 and a beta of 1.22.

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.