Stock Traders Purchase Large Volume of Invesco NASDAQ 100 ETF Put Options (NASDAQ:QQQM)

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw some unusual options trading on Wednesday. Stock traders purchased 4,961 put options on the company. This represents an increase of 171% compared to the typical daily volume of 1,832 put options.

Hedge Funds Weigh In On Invesco NASDAQ 100 ETF

Large investors have recently added to or reduced their stakes in the business. Ridgeline Wealth Planning LLC raised its stake in Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after buying an additional 37 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Invesco NASDAQ 100 ETF by 3.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock worth $368,000 after purchasing an additional 42 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after acquiring an additional 44 shares during the last quarter. Glen Eagle Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 28.8% in the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after purchasing an additional 45 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after purchasing an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.0%

Shares of Invesco NASDAQ 100 ETF stock traded up $0.03 during trading on Wednesday, hitting $295.79. The stock had a trading volume of 542,923 shares, compared to its average volume of 4,161,287. The business’s 50-day moving average is $292.65 and its 200 day moving average is $278.90. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The firm has a market cap of $101.53 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

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.