Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 52-Week High – Here’s What Happened

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $41.87 and last traded at $41.55, with a volume of 18971 shares traded. The stock had previously closed at $41.13.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm has a market capitalization of $1.01 billion, a P/E ratio of 22.27 and a beta of 1.10. The stock has a 50-day moving average of $38.10 and a 200 day moving average of $37.63.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

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

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. Cetera Investment Advisers raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 8.5% in the second quarter. Cetera Investment Advisers now owns 23,587 shares of the company’s stock valued at $754,000 after buying an additional 1,840 shares during the last quarter. JPMorgan Chase & Co. increased its position in Invesco NASDAQ Next Gen 100 ETF by 11.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock valued at $205,000 after acquiring an additional 636 shares in the last quarter. Invesco Ltd. increased its position 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 valued at $1,753,000 after acquiring an additional 300 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 7.1% in the second quarter. Baird Financial Group Inc. now owns 16,589 shares of the company’s stock worth $531,000 after acquiring an additional 1,101 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 3.0% in the second quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after acquiring an additional 509 shares during the last quarter.

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.