Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 1-Year High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $32.88 and last traded at $32.86, with a volume of 12432 shares traded. The stock had previously closed at $32.55.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm has a market capitalization of $705.96 million, a PE ratio of 21.16 and a beta of 1.10. The firm has a fifty day moving average price of $30.85 and a 200 day moving average price of $29.21.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.046 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 annualized dividend and a yield of 0.56%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently made changes to their positions in the company. Goodman Advisory Group LLC raised its position in Invesco NASDAQ Next Gen 100 ETF by 114.6% during the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after buying an additional 731 shares during the period. Chris Bulman Inc purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at about $68,000. Denver PWM LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter valued at about $84,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the second quarter worth approximately $151,000. Finally, FMR LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 60.9% in the third quarter. FMR LLC now owns 6,843 shares of the company’s stock worth $208,000 after purchasing an additional 2,591 shares in the last quarter.

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.