Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 1-Year High – Still a Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $42.36 and last traded at $42.16, with a volume of 41507 shares changing hands. The stock had previously closed at $42.06.

Invesco NASDAQ Next Gen 100 ETF Trading Up 1.4%

The stock has a market cap of $1.04 billion, a P/E ratio of 22.27 and a beta of 1.10. The stock’s fifty day moving average price is $39.17 and its 200 day moving average price is $38.13.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.0551 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter valued at $583,000. Royal Bank of Canada boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 62.5% during the 1st quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock valued at $4,541,000 after buying an additional 48,220 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 11.4% during the 1st quarter. Wealthfront Advisers LLC now owns 84,278 shares of the company’s stock valued at $3,052,000 after buying an additional 8,605 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 111.6% during the 1st quarter. International Assets Investment Management LLC now owns 1,481 shares of the company’s stock valued at $54,000 after buying an additional 781 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter valued at $43,000.

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.