Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 52-Week High – Here’s What Happened

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) hit a new 52-week high on Wednesday . The stock traded as high as $41.87 and last traded at $41.55, with a volume of 18971 shares. The stock had previously closed at $41.13.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.3%

The firm has a market cap of $1.01 billion, a P/E ratio of 22.27 and a beta of 1.10. The business has a fifty day simple moving average of $38.24 and a 200-day simple moving average of $37.71.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.0551 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently added to or reduced their stakes in QQQJ. Wealthfront Advisers LLC increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 11.4% during the first quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock valued at $3,052,000 after acquiring an additional 8,605 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 111.6% in the 1st quarter. International Assets Investment Management LLC now owns 1,481 shares of the company’s stock worth $54,000 after purchasing an additional 781 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Invesco NASDAQ Next Gen 100 ETF during the 1st quarter valued at about $43,000. Granite Bay Wealth Management LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 12.4% during the 1st quarter. Granite Bay Wealth Management LLC now owns 42,804 shares of the company’s stock valued at $1,550,000 after purchasing an additional 4,709 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in Invesco NASDAQ Next Gen 100 ETF by 191.9% in the first quarter. Bogart Wealth LLC now owns 3,938 shares of the company’s stock worth $143,000 after buying an additional 2,589 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.