SteelPeak Wealth LLC Buys Shares of 63,388 Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

SteelPeak Wealth LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) in the second quarter, HoldingsChannel reports. The institutional investor bought 63,388 shares of the company’s stock, valued at approximately $1,767,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth approximately $5,555,000. Trilogy Capital Inc. grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 60.1% in the first quarter. Trilogy Capital Inc. now owns 176,091 shares of the company’s stock worth $5,091,000 after acquiring an additional 66,075 shares during the period. Brookstone Capital Management increased its position in Invesco NASDAQ Next Gen 100 ETF by 124.5% during the first quarter. Brookstone Capital Management now owns 112,508 shares of the company’s stock valued at $3,253,000 after acquiring an additional 62,396 shares during the last quarter. Spirepoint Private Client LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF during the first quarter valued at $1,024,000. Finally, Gerber LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at about $870,000.

Invesco NASDAQ Next Gen 100 ETF Stock Up 2.0 %

Shares of Invesco NASDAQ Next Gen 100 ETF stock traded up $0.55 during trading hours on Thursday, reaching $28.40. 100,767 shares of the stock traded hands, compared to its average volume of 121,074. Invesco NASDAQ Next Gen 100 ETF has a one year low of $22.66 and a one year high of $29.41. The firm has a market capitalization of $654.34 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The company has a 50 day moving average price of $27.99 and a 200 day moving average price of $27.93.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.0867 dividend. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.22%.

About Invesco NASDAQ Next Gen 100 ETF

The Invesco NASDAQ Next Gen 100 ETF (QQQJ) is an exchange-traded fund that is based on the Nasdaq Next Generation 100 index, a modified market-cap-weighted, narrow index of 100 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQJ was launched on Oct 13, 2020 and is issued by Invesco.