Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Trading Down 1.1% – Here’s What Happened

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price fell 1.1% during trading on Tuesday . The stock traded as low as $44.73 and last traded at $44.77. 158,835 shares were traded during mid-day trading, a decline of 9% from the average session volume of 174,235 shares. The stock had previously closed at $45.26.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm has a market capitalization of $1.11 billion, a P/E ratio of 22.27 and a beta of 1.13. The firm has a 50-day moving average price of $45.11 and a two-hundred day moving average price of $42.17.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several institutional investors and hedge funds have recently modified their holdings of QQQJ. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after buying an additional 416,514 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 68.3% during the 4th quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock worth $24,682,000 after acquiring an additional 271,838 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 99.5% during the 4th 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 in the last quarter. Retirement Financial Solutions LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 31.1% during the 4th 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 in the last quarter. Finally, Systelligence LLC lifted its position in Invesco NASDAQ Next Gen 100 ETF by 21.2% during the first quarter. Systelligence LLC now owns 590,730 shares of the company’s stock valued at $21,390,000 after acquiring an additional 103,260 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.