Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Unusually-High Trading Volume – What’s Next?

by · The Markets Daily

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 536,546 shares were traded during trading, an increase of 403% from the previous session’s volume of 106,673 shares.The stock last traded at $36.8240 and had previously closed at $36.84.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.7%

The firm has a market cap of $716.15 million, a PE ratio of 22.27 and a beta of 1.13. The company’s 50-day moving average is $36.35 and its 200 day moving average is $34.58.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued 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. This represents a $0.46 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, September 22nd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of large investors have recently bought and sold shares of QQQJ. CIBC Bancorp USA Inc. acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $323,000. Centaurus Financial Inc. boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 7.6% during the 3rd quarter. Centaurus Financial Inc. now owns 7,126 shares of the company’s stock worth $255,000 after buying an additional 504 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 9.9% in the 3rd quarter. NewEdge Advisors LLC now owns 23,229 shares of the company’s stock valued at $831,000 after acquiring an additional 2,096 shares in the last quarter. Focus Partners Wealth increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 123.5% during the 3rd quarter. Focus Partners Wealth now owns 22,752 shares of the company’s stock worth $814,000 after purchasing an additional 12,573 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 123,684 shares of the company’s stock valued at $4,427,000 after acquiring an additional 49,981 shares during the last quarter.

About Invesco NASDAQ Next Gen 100 ETF

(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.

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