Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 1-Year High – Should You Buy?

by · The Cerbat Gem

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ – Get Free Report)’s share price hit a new 52-week high on Monday . The company traded as high as $37.47 and last traded at $37.27, with a volume of 62199 shares changing hands. The stock had previously closed at $37.31.

Invesco NASDAQ Next Gen 100 ETF Stock Down 0.3%

The company has a 50 day simple moving average of $36.19 and a 200 day simple moving average of $34.23. The company has a market capitalization of $723.52 million, a price-to-earnings ratio of 22.27 and a beta of 1.13.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.1145 per share. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.46 dividend on an annualized basis and a yield of 1.2%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently bought and sold shares of QQQJ. Invesco Ltd. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 11.7% in the first quarter. Invesco Ltd. now owns 54,512 shares of the company’s stock worth $1,581,000 after acquiring an additional 5,727 shares in the last quarter. Purus Wealth Management LLC boosted its position in Invesco NASDAQ Next Gen 100 ETF by 3.5% during the 1st quarter. Purus Wealth Management LLC now owns 92,331 shares of the company’s stock worth $2,679,000 after purchasing an additional 3,080 shares during the period. Jones Financial Companies Lllp increased its holdings in Invesco NASDAQ Next Gen 100 ETF by 26.7% in the 1st quarter. Jones Financial Companies Lllp now owns 112,860 shares of the company’s stock valued at $2,999,000 after purchasing an additional 23,758 shares in the last quarter. Goldstone Financial Group LLC raised its position in Invesco NASDAQ Next Gen 100 ETF by 20.9% in the second quarter. Goldstone Financial Group LLC now owns 22,760 shares of the company’s stock valued at $739,000 after purchasing an additional 3,932 shares during the period. Finally, Truist Financial Corp acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth about $225,000.

Invesco NASDAQ Next Gen 100 ETF Company Profile

(Get Free Report)

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.

Read More