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 Thursday . The stock traded as high as $46.65 and last traded at $46.56, with a volume of 115044 shares. The stock had previously closed at $46.22.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a fifty day simple moving average of $44.63 and a 200-day simple moving average of $41.16. The company has a market cap of $1.18 billion, a P/E ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.0091 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 22nd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers increased its stake in Invesco NASDAQ Next Gen 100 ETF by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 23,587 shares of the company’s stock worth $754,000 after purchasing an additional 1,840 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 11.0% during the second quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock valued at $205,000 after buying an additional 636 shares in the last quarter. Invesco Ltd. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.6% during the second quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock valued at $1,753,000 after buying an additional 300 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 7.1% in the second quarter. Baird Financial Group Inc. now owns 16,589 shares of the company’s stock worth $531,000 after buying an additional 1,101 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 3.0% in the second quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after buying an additional 509 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Company Profile

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.