Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month High – Here’s What Happened

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price hit a new 52-week high on Monday . The company traded as high as $32.88 and last traded at $32.86, with a volume of 12432 shares trading hands. The stock had previously closed at $32.55.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm has a market capitalization of $695.20 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The business’s 50-day moving average is $30.90 and its two-hundred day moving average is $29.24.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.046 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.57%.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds have recently modified their holdings of the company. MML Investors Services LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after acquiring an additional 394 shares during the period. Goodman Advisory Group LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after buying an additional 731 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 1.2% in the second quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after buying an additional 961 shares during the period. WealthCare Investment Partners LLC increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 3.3% during the third quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock worth $1,320,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% during the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock worth $427,000 after acquiring an additional 1,748 shares during the period.

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.