Wealthfront Advisers LLC Trims Holdings in Invesco NASDAQ Next Gen 100 ETF $QQQJ

Wealthfront Advisers LLC reduced its holdings in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,023 shares of the company’s stock after selling 2,012 shares during the period. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $2,111,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AE Wealth Management LLC grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 507.4% in the first quarter. AE Wealth Management LLC now owns 905 shares of the company’s stock worth $26,000 after purchasing an additional 756 shares during the period. NorthRock Partners LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 1st quarter worth approximately $66,000. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth approximately $123,000. Truist Financial Corp bought a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at approximately $225,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the second quarter valued at $237,000.

Invesco NASDAQ Next Gen 100 ETF Trading Down 0.6%

Invesco NASDAQ Next Gen 100 ETF stock opened at $36.27 on Friday. Invesco NASDAQ Next Gen 100 ETF has a 12 month low of $24.89 and a 12 month high of $36.82. The company has a market capitalization of $704.73 million, a price-to-earnings ratio of 22.27 and a beta of 1.13. The business’s fifty day simple moving average is $35.67 and its two-hundred day simple moving average is $32.88.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.1145 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09.

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.