Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Trading Up 0.8% – Should You Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price was up 0.8% during trading on Monday . The company traded as high as $44.23 and last traded at $43.94. 89,817 shares were traded during trading, a decline of 50% from the average session volume of 180,489 shares. The stock had previously closed at $43.60.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm has a 50-day simple moving average of $44.31 and a two-hundred day simple moving average of $40.64. The company has a market cap of $1.12 billion, a PE ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.0091 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guidance Capital Inc. acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $669,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $1,465,000. UBS Group AG boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 116.3% during the fourth quarter. UBS Group AG now owns 106,391 shares of the company’s stock worth $3,921,000 after purchasing an additional 57,195 shares during the last quarter. Retirement Financial Solutions LLC grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% in the first quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock valued at $16,503,000 after purchasing an additional 11,845 shares during the period. Finally, Systelligence LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $17,963,000.

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.