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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares hit a new 52-week high on Wednesday . The company traded as high as $32.99 and last traded at $32.98, with a volume of 46926 shares changing hands. The stock had previously closed at $32.86.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm has a market capitalization of $691.77 million, a PE ratio of 21.16 and a beta of 1.10. The company’s 50-day moving average price is $31.86 and its 200-day moving average price is $30.62.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0353 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Financial Life Planners acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at $30,000. Aptus Capital Advisors LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 221.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock valued at $58,000 after purchasing an additional 1,293 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 304.3% in the 4th quarter. National Bank of Canada FI now owns 2,080 shares of the company’s stock valued at $64,000 after purchasing an additional 3,098 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at about $87,000. Finally, Topsail Wealth Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $93,000.

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.