Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month High – Still a Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high on Thursday . The company traded as high as $39.70 and last traded at $39.4530, with a volume of 377 shares trading hands. The stock had previously closed at $39.14.

Invesco NASDAQ Next Gen 100 ETF Trading Down 1.1%

The company has a market cap of $857.61 million, a P/E ratio of 22.27 and a beta of 1.13. The business has a 50 day moving average price of $37.41 and a 200-day moving average price of $35.79.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.0665 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.27 dividend on an annualized basis and a yield of 0.7%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 0.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,147,467 shares of the company’s stock valued at $41,068,000 after purchasing an additional 9,073 shares during the last quarter. Systelligence LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $17,963,000. Retirement Financial Solutions LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at approximately $12,117,000. Jones Financial Companies Lllp boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 34.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 257,979 shares of the company’s stock worth $9,163,000 after acquiring an additional 66,241 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 1.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 170,184 shares of the company’s stock worth $6,091,000 after acquiring an additional 2,926 shares during the period.

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.