Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 52-Week High – Should You Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $38.92 and last traded at $38.7710, with a volume of 37492 shares. The stock had previously closed at $38.74.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm’s fifty day moving average price is $36.90 and its 200 day moving average price is $35.35. The firm has a market cap of $842.90 million, a P/E ratio of 22.27 and a beta of 1.13.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.0665 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.27 dividend on an annualized basis and a yield of 0.7%.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of large investors have recently made changes to their positions in the business. US Bancorp DE acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter worth about $25,000. Aventura Private Wealth LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth approximately $26,000. Goodman Advisory Group LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter worth about $30,000. AlphaCore Capital LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 196.3% in the 3rd quarter. AlphaCore Capital LLC now owns 889 shares of the company’s stock worth $32,000 after purchasing an additional 589 shares in the last quarter. Finally, Financial Life Planners acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $35,000.

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.