RIA Advisory Group LLC Buys New Position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

RIA Advisory Group LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,576 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds also recently added to or reduced their stakes in QQQJ. JPMorgan Chase & Co. increased its position in Invesco NASDAQ Next Gen 100 ETF by 60.6% during the 1st quarter. JPMorgan Chase & Co. now owns 16,697 shares of the company’s stock valued at $485,000 after buying an additional 6,302 shares in the last quarter. HighTower Advisors LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 38.3% during the 1st quarter. HighTower Advisors LLC now owns 22,177 shares of the company’s stock valued at $645,000 after buying an additional 6,146 shares in the last quarter. Equitable Holdings Inc. increased its position in Invesco NASDAQ Next Gen 100 ETF by 38.7% during the 1st quarter. Equitable Holdings Inc. now owns 30,801 shares of the company’s stock valued at $894,000 after buying an additional 8,591 shares in the last quarter. Mariner LLC increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 21.0% in the first quarter. Mariner LLC now owns 13,285 shares of the company’s stock valued at $386,000 after purchasing an additional 2,303 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 6.6% in the first quarter. Invesco Ltd. now owns 482,987 shares of the company’s stock valued at $14,026,000 after purchasing an additional 30,036 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of QQQJ stock opened at $26.60 on Friday. The stock’s 50-day simple moving average is $28.20 and its 200-day simple moving average is $26.38. The firm has a market capitalization of $651.97 million, a PE ratio of 18.07 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a fifty-two week low of $22.66 and a fifty-two week high of $29.29.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.0683 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.03%.

Invesco NASDAQ Next Gen 100 ETF 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.