Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 1-Year High – What’s Next?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price hit a new 52-week high on Wednesday . The company traded as high as $45.78 and last traded at $45.77, with a volume of 58462 shares traded. The stock had previously closed at $45.44.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.6%

The company’s 50-day moving average is $42.98 and its 200-day moving average is $39.68. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 22.27 and a beta of 1.13.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.0091 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 0.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,147,467 shares of the company’s stock valued at $41,068,000 after acquiring an additional 9,073 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 68.3% in the fourth quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock worth $24,682,000 after buying an additional 271,838 shares during the period. Systelligence LLC boosted its position in Invesco NASDAQ Next Gen 100 ETF by 21.2% during the 1st quarter. Systelligence LLC now owns 590,730 shares of the company’s stock valued at $21,390,000 after acquiring an additional 103,260 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 22.8% during the 4th quarter. LPL Financial LLC now owns 467,342 shares of the company’s stock worth $17,222,000 after acquiring an additional 86,770 shares during the period. Finally, Retirement Financial Solutions LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% in the 1st quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock worth $16,503,000 after acquiring an additional 11,845 shares in the last quarter.

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.