Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 1-Year High – Here’s Why

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high on Friday . The stock traded as high as $46.17 and last traded at $46.15, with a volume of 111491 shares. The stock had previously closed at $45.18.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The business’s fifty day simple moving average is $44.57 and its 200-day simple moving average is $40.99. The firm has a market capitalization of $1.18 billion, a PE ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given 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

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter worth $25,000. International Assets Investment Management LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after purchasing an additional 501 shares in the last quarter. Allworth Financial LP grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 183.3% during the fourth quarter. Allworth Financial LP now owns 850 shares of the company’s stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Finally, Comerica Bank purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at about $43,000.

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.