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

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

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm’s 50-day moving average price is $30.90 and its 200 day moving average price is $29.24. The firm has a market capitalization of $695.20 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 annualized dividend and a dividend yield of 0.57%.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its stake in Invesco NASDAQ Next Gen 100 ETF by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock worth $38,127,000 after purchasing an additional 21,719 shares during the period. Jane Street Group LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at $23,579,000. LRI Investments LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth $17,089,000. Essex Financial Services Inc. grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 1.2% during the 2nd quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock worth $2,335,000 after acquiring an additional 961 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth $1,767,000.

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.