Royal Bank of Canada Raises Stock Position in Invesco NASDAQ Next Gen 100 ETF $QQQJ

Royal Bank of Canada grew its stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 62.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,398 shares of the company’s stock after buying an additional 48,220 shares during the period. Royal Bank of Canada’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $4,541,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. US Bancorp DE acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $26,000. PNC Financial Services Group Inc. grew its holdings 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 worth $29,000 after purchasing an additional 501 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 183.3% during the fourth quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the last quarter. Finally, Comerica Bank acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $43,000.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Invesco NASDAQ Next Gen 100 ETF stock opened at $46.78 on Friday. Invesco NASDAQ Next Gen 100 ETF has a fifty-two week low of $33.75 and a fifty-two week high of $46.94. The company has a market capitalization of $1.19 billion, a P/E ratio of 22.27 and a beta of 1.12. The stock has a 50-day simple moving average of $44.65 and a 200-day simple moving average of $41.22.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

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

Invesco NASDAQ Next Gen 100 ETF 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.