Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Sees Large Volume Increase

Invesco NASDAQ 100 ETF (NASDAQ:QQQM) saw unusually-high trading volume on Thursday . Approximately 752,021 shares were traded during trading, a decline of 59% from the previous session’s volume of 1,827,158 shares.The stock last traded at $198.49 and had previously closed at $194.03.

Invesco NASDAQ 100 ETF Stock Performance

The firm’s 50 day simple moving average is $192.64 and its 200 day simple moving average is $188.62. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $27,000. M&R Capital Management Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $30,000. Creekmur Asset Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $32,000. Finally, GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $36,000.

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.