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 during mid-day trading on Wednesday . The stock traded as high as $43.93 and last traded at $43.87, with a volume of 139963 shares traded. The stock had previously closed at $43.21.

Invesco NASDAQ Next Gen 100 ETF Stock Up 1.5%

The stock has a 50-day simple moving average of $39.46 and a two-hundred day simple moving average of $38.25. The firm has a market cap of $1.06 billion, a PE ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0551 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.22 annualized dividend and a yield of 0.5%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently added to or reduced their stakes in QQQJ. Cetera Investment Advisers lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 8.5% during the second quarter. Cetera Investment Advisers now owns 23,587 shares of the company’s stock worth $754,000 after purchasing an additional 1,840 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 11.0% during the second quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock worth $205,000 after purchasing an additional 636 shares during the last quarter. Invesco Ltd. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.6% during the second quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock worth $1,753,000 after purchasing an additional 300 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 7.1% during the second quarter. Baird Financial Group Inc. now owns 16,589 shares of the company’s stock worth $531,000 after purchasing an additional 1,101 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 3.0% during the second quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after purchasing an additional 509 shares during the last quarter.

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.