Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 12-Month High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $45.78 and last traded at $45.77, with a volume of 58462 shares trading hands. The stock had previously closed at $45.44.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.6%

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13. The company’s fifty day moving average is $42.98 and its two-hundred day moving average is $39.68.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.0091 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $26,000. Realta Investment Advisors bought a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $29,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 178.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after purchasing an additional 501 shares during 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.