Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Volume Increase – Should You Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw unusually-high trading volume on Tuesday . Approximately 536,546 shares were traded during trading, an increase of 403% from the previous session’s volume of 106,673 shares.The stock last traded at $36.8240 and had previously closed at $36.84.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The business has a 50 day simple moving average of $36.32 and a 200-day simple moving average of $34.51. The stock has a market capitalization of $713.54 million, a P/E ratio of 22.27 and a beta of 1.13.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.1145 per share. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, September 22nd. This represents a $0.46 annualized dividend and a dividend yield of 1.2%.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 0.6% in the second quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock valued at $1,753,000 after purchasing an additional 300 shares in the last quarter. Proactive Wealth Strategies LLC raised its position in Invesco NASDAQ Next Gen 100 ETF by 2.7% during the second quarter. Proactive Wealth Strategies LLC now owns 14,149 shares of the company’s stock valued at $452,000 after buying an additional 378 shares during the period. Centaurus Financial Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 7.6% in the 3rd quarter. Centaurus Financial Inc. now owns 7,126 shares of the company’s stock worth $255,000 after acquiring an additional 504 shares in the last quarter. MML Investors Services LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 3.0% in the 2nd quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after acquiring an additional 509 shares in the last quarter. Finally, AlphaCore Capital LLC boosted its position in Invesco NASDAQ Next Gen 100 ETF by 196.3% during the 3rd quarter. AlphaCore Capital LLC now owns 889 shares of the company’s stock worth $32,000 after acquiring an additional 589 shares during the period.

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.