Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Volume Increase – Should You Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares saw an uptick in trading volume on Monday . 321,888 shares traded hands during trading, an increase of 225% from the previous session’s volume of 98,994 shares.The stock last traded at $30.25 and had previously closed at $29.84.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a fifty day simple moving average of $31.36 and a two-hundred day simple moving average of $30.96. The company has a market capitalization of $612.46 million, a P/E ratio of 21.10 and a beta of 1.14.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 2.9% during the fourth quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock valued at $372,000 after purchasing an additional 342 shares during the last quarter. MML Investors Services LLC grew its stake in Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after buying an additional 394 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Invesco NASDAQ Next Gen 100 ETF by 11.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $245,000 after buying an additional 795 shares during the last quarter. Financial Life Planners bought a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth $30,000. Finally, Bank of America Corp DE lifted its position in Invesco NASDAQ Next Gen 100 ETF by 0.5% during the 4th quarter. Bank of America Corp DE now owns 227,855 shares of the company’s stock worth $7,036,000 after acquiring an additional 1,140 shares during 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.