Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 1-Year High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $38.92 and last traded at $38.7710, with a volume of 37492 shares trading hands. The stock had previously closed at $38.74.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The stock has a market capitalization of $839.42 million, a PE ratio of 22.27 and a beta of 1.13. The stock has a 50-day moving average price of $37.01 and a two-hundred day moving average price of $35.45.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.0665 per share. This represents a $0.27 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in QQQJ. Truist Financial Corp bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth $225,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth $123,000. Wealthcare Advisory Partners LLC raised its stake in Invesco NASDAQ Next Gen 100 ETF by 12.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 151,578 shares of the company’s stock valued at $4,847,000 after buying an additional 16,913 shares during the last quarter. Columbus Macro LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth approximately $246,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at about $237,000.

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.