Erickson Financial Group LLC Reduces Holdings in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Erickson Financial Group LLC lessened its stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 1.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 239,997 shares of the company’s stock after selling 4,370 shares during the period. Invesco NASDAQ Next Gen 100 ETF comprises about 5.2% of Erickson Financial Group LLC’s holdings, making the stock its 6th biggest position. Erickson Financial Group LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $6,962,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.9% in the 4th quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock valued at $372,000 after buying an additional 342 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 11.7% in the 4th quarter. Jones Financial Companies Lllp now owns 89,102 shares of the company’s stock valued at $2,751,000 after buying an additional 9,341 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at about $169,000. Raymond James Financial Inc. acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth $40,940,000. Finally, Avantax Advisory Services Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 9.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 78,366 shares of the company’s stock valued at $2,420,000 after buying an additional 6,987 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of NASDAQ QQQJ opened at $31.36 on Thursday. Invesco NASDAQ Next Gen 100 ETF has a 52-week low of $24.89 and a 52-week high of $32.99. The stock has a market cap of $625.32 million, a P/E ratio of 20.53 and a beta of 1.10. The firm has a 50 day moving average price of $29.38 and a 200 day moving average price of $30.62.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.0454 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04.

Invesco NASDAQ Next Gen 100 ETF 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.