Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sees Large Volume Increase – Here’s Why

Posted by Samantha Reynolds on Oct 24th, 2024

Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Get Free Report) shares saw unusually-strong trading volume on Tuesday . 1,575,256 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 1,832,849 shares.The stock last traded at $203.62 and had previously closed at $203.89.

Invesco NASDAQ 100 ETF Price Performance

The business has a 50-day moving average price of $197.45 and a two-hundred day moving average price of $191.83. The firm has a market cap of $34.39 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco NASDAQ 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at $36,000.

About Invesco NASDAQ 100 ETF

(Get Free Report)

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.