Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Trading Up 0.3% – Time to Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) were up 0.3% on Thursday . The stock traded as high as $38.55 and last traded at $38.54. Approximately 277,191 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 261,566 shares. The stock had previously closed at $38.43.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm has a market cap of $881.02 million, a PE ratio of 22.27 and a beta of 1.13. The company has a 50 day moving average price of $38.32 and a 200 day moving average price of $36.69.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.0665 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.27 annualized dividend and a dividend yield of 0.7%.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $26,000. Realta Investment Advisors purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth $29,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after purchasing an additional 501 shares during the last quarter.

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.