Pointe Capital Management LLC Cuts Stock Position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Pointe Capital Management LLC cut its position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,459 shares of the company’s stock after selling 5,748 shares during the quarter. Pointe Capital Management LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $336,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC boosted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 8.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 14,896 shares of the company’s stock worth $367,000 after purchasing an additional 1,127 shares in the last quarter. Flagstar Advisors Inc. grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 8.8% during the fourth quarter. Flagstar Advisors Inc. now owns 29,641 shares of the company’s stock worth $800,000 after acquiring an additional 2,406 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $5,555,000. Trilogy Capital Inc. acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at about $2,969,000. Finally, SteelPeak Wealth LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 268.6% in the 4th quarter. SteelPeak Wealth LLC now owns 44,237 shares of the company’s stock valued at $1,194,000 after purchasing an additional 32,237 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Invesco NASDAQ Next Gen 100 ETF stock traded up $0.20 during trading hours on Friday, hitting $27.45. 114,400 shares of the stock traded hands, compared to its average volume of 133,985. The firm’s 50 day moving average price is $28.11 and its 200-day moving average price is $26.57. The stock has a market capitalization of $665.11 million, a price-to-earnings ratio of 20.46 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 1 year low of $22.66 and a 1 year high of $29.29.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0683 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.27 dividend on an annualized basis and a yield of 0.99%.

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.