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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $46.17 and last traded at $46.15, with a volume of 111491 shares changing hands. The stock had previously closed at $45.18.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm has a 50-day moving average of $44.55 and a 200 day moving average of $40.96. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

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

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors have recently added to or reduced their stakes in QQQJ. Systelligence LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $17,963,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 acquiring an additional 416,514 shares during the period. Osaic Holdings Inc. grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 68.3% in the fourth quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock valued at $24,682,000 after acquiring an additional 271,838 shares in the last quarter. Wells Fargo & Company MN increased its position in Invesco NASDAQ Next Gen 100 ETF by 99.5% during the fourth quarter. Wells Fargo & Company MN now owns 294,519 shares of the company’s stock worth $10,853,000 after acquiring an additional 146,855 shares during the period. Finally, Retirement Financial Solutions LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 31.1% during the fourth quarter. Retirement Financial Solutions LLC now owns 443,924 shares of the company’s stock worth $16,359,000 after acquiring an additional 105,376 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.