Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 52-Week High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $42.32 and last traded at $42.30, with a volume of 52375 shares. The stock had previously closed at $42.02.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.4%

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 22.27 and a beta of 1.10. The company has a 50 day moving average of $38.53 and a 200 day moving average of $37.88.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.0551 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of large investors have recently added to or reduced their stakes in QQQJ. Aventura Private Wealth LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at about $26,000. International Assets Investment Management LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at about $26,000. US Bancorp DE bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at about $25,000. Realta Investment Advisors bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at about $29,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after acquiring an additional 501 shares in the last quarter.

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.