Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Trading 0.6% Higher – Time to Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJGet Free Report)’s stock price was up 0.6% on Thursday . The company traded as high as $37.33 and last traded at $37.22. Approximately 134,444 shares traded hands during trading, a decline of 42% from the average daily volume of 233,146 shares. The stock had previously closed at $36.98.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The company has a market capitalization of $825.25 million, a price-to-earnings ratio of 22.27 and a beta of 1.13. The stock’s 50-day moving average price is $38.13 and its 200-day moving average price is $37.01.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at approximately $25,000. Aventura Private Wealth LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter worth $26,000. International Assets Investment Management LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter worth $26,000. Realta Investment Advisors purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $29,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after acquiring an additional 501 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Company Profile

(Get Free Report)

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.

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