Pointe Capital Management LLC Lowers Position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Pointe Capital Management LLC cut its stake in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,707 shares of the company’s stock after selling 458 shares during the period. Pointe Capital Management LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $325,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQJ. Goodman Advisory Group LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 731 shares in the last quarter. Mystic Asset Management Inc. lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 5.7% in the first quarter. Mystic Asset Management Inc. now owns 17,485 shares of the company’s stock valued at $505,000 after acquiring an additional 950 shares in the last quarter. Essex Financial Services Inc. lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1.2% in the second quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after acquiring an additional 961 shares in the last quarter. WealthCare Investment Partners LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 3.3% in the third quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock valued at $1,320,000 after acquiring an additional 1,391 shares in the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% in the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock valued at $427,000 after acquiring an additional 1,748 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of Invesco NASDAQ Next Gen 100 ETF stock traded up $0.03 during trading hours on Friday, hitting $29.92. The company’s stock had a trading volume of 45,505 shares, compared to its average volume of 112,635. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $22.66 and a 12-month high of $30.73. The business has a 50 day moving average price of $29.54 and a two-hundred day moving average price of $28.45. The company has a market cap of $669.01 million, a PE ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.046 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 annualized dividend and a dividend yield of 0.61%.

About Invesco NASDAQ Next Gen 100 ETF

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.