Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) saw unusually large options trading activity on Tuesday. Investors purchased 14,740 put options on the stock. This represents an increase of 559% compared to the typical volume of 2,238 put options.
Hedge Funds Weigh In On Invesco NASDAQ 100 ETF
A number of hedge funds have recently modified their holdings of QQQM. Investors Research Corp bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $38,000. SJS Investment Consulting Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth approximately $40,000. Versant Capital Management Inc bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $41,000. Downshift Financial LLC boosted its position in Invesco NASDAQ 100 ETF by 938.5% in the third quarter. Downshift Financial LLC now owns 135 shares of the company’s stock worth $41,000 after purchasing an additional 122 shares during the last quarter. Finally, Owl Creek Wealth Partners LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 545.5% during the 2nd quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after purchasing an additional 120 shares during the last quarter.
Invesco NASDAQ 100 ETF Stock Performance
Shares of QQQM traded up $0.68 during trading hours on Tuesday, reaching $296.46. The stock had a trading volume of 934,210 shares, compared to its average volume of 3,963,466. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $314.11. The stock has a market capitalization of $108.06 billion, a PE ratio of 31.95 and a beta of 1.22. The company’s 50-day moving average is $299.20 and its two-hundred day moving average is $290.39.
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.
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