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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $43.93 and last traded at $43.87, with a volume of 139963 shares changing hands. The stock had previously closed at $43.21.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The business’s 50-day moving average price is $39.46 and its 200 day moving average price is $38.25. The stock has a market capitalization of $1.06 billion, a PE ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.0551 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Aventura Private Wealth LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $26,000. US Bancorp DE purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at $25,000. Realta Investment Advisors purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $29,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after purchasing an additional 501 shares in 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.