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 reached a new 52-week high during trading on Monday . The company traded as high as $38.92 and last traded at $38.7710, with a volume of 37492 shares changing hands. The stock had previously closed at $38.74.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The stock has a 50-day simple moving average of $36.90 and a two-hundred day simple moving average of $35.35. The firm has a market cap of $842.90 million, a PE ratio of 22.27 and a beta of 1.13.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.0665 dividend. 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%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aventura Private Wealth LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $26,000. US Bancorp DE bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the third quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth about $30,000. AlphaCore Capital LLC grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 196.3% during the third quarter. AlphaCore Capital LLC now owns 889 shares of the company’s stock valued at $32,000 after buying an additional 589 shares during the last quarter. Finally, Financial Life Planners bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth approximately $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.