27,421 Shares in Invesco NASDAQ Next Gen 100 ETF $QQQJ Bought by Ellerson Group Inc. ADV

Ellerson Group Inc. ADV acquired a new stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 27,421 shares of the company’s stock, valued at approximately $1,010,000. Invesco NASDAQ Next Gen 100 ETF accounts for about 0.7% of Ellerson Group Inc. ADV’s portfolio, making the stock its 29th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in QQQJ. Systelligence LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $17,963,000. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after purchasing an additional 416,514 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Invesco NASDAQ Next Gen 100 ETF by 34.5% in the third quarter. Jones Financial Companies Lllp now owns 257,979 shares of the company’s stock valued at $9,163,000 after purchasing an additional 66,241 shares in the last quarter. UBS Group AG raised its holdings in Invesco NASDAQ Next Gen 100 ETF by 116.3% in the fourth quarter. UBS Group AG now owns 106,391 shares of the company’s stock worth $3,921,000 after purchasing an additional 57,195 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Invesco NASDAQ Next Gen 100 ETF by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 123,684 shares of the company’s stock worth $4,427,000 after purchasing an additional 49,981 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of NASDAQ QQQJ opened at $43.21 on Tuesday. Invesco NASDAQ Next Gen 100 ETF has a twelve month low of $30.16 and a twelve month high of $43.30. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 22.27 and a beta of 1.10. The company’s fifty day moving average is $39.31 and its 200-day moving average is $38.20.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm 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. The ex-dividend date was Monday, March 23rd. This represents a $0.22 annualized dividend and a yield of 0.5%.

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.