Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 52-Week High – Still a Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) hit a new 52-week high on Thursday . The stock traded as high as $39.70 and last traded at $39.4530, with a volume of 377 shares trading hands. The stock had previously closed at $39.14.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The company has a market capitalization of $865.15 million, a PE ratio of 22.27 and a beta of 1.13. The stock’s fifty day simple moving average is $37.28 and its 200-day simple moving average is $35.72.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced 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 was Monday, December 22nd. This represents a $0.27 dividend on an annualized basis and a yield of 0.7%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. WealthCare Investment Partners LLC grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1.3% in the fourth quarter. WealthCare Investment Partners LLC now owns 23,594 shares of the company’s stock valued at $885,000 after purchasing an additional 294 shares during the period. Invesco Ltd. boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.6% in the 2nd quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock worth $1,753,000 after buying an additional 300 shares during the last quarter. Proactive Wealth Strategies LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 2.7% in the 2nd quarter. Proactive Wealth Strategies LLC now owns 14,149 shares of the company’s stock worth $452,000 after buying an additional 378 shares during the last quarter. Centaurus Financial Inc. grew its holdings 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 valued at $255,000 after buying an additional 504 shares during the period. Finally, MML Investors Services LLC grew its holdings 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 valued at $557,000 after buying an additional 509 shares during the period.

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.