Gerber LLC Decreases Stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Gerber LLC reduced its stake in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 19.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 26,122 shares of the company’s stock after selling 6,273 shares during the period. Invesco NASDAQ Next Gen 100 ETF makes up approximately 0.6% of Gerber LLC’s portfolio, making the stock its 29th largest position. Gerber LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $758,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in QQQJ. Private Advisor Group LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.9% during the 4th quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock worth $372,000 after buying an additional 342 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 67.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 962 shares of the company’s stock worth $28,000 after buying an additional 386 shares during the last quarter. Congress Park Capital LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 5.0% during the 1st quarter. Congress Park Capital LLC now owns 9,898 shares of the company’s stock worth $287,000 after buying an additional 468 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 11.1% in the fourth quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock worth $245,000 after acquiring an additional 795 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 0.5% in the fourth quarter. Bank of America Corp DE now owns 227,855 shares of the company’s stock valued at $7,036,000 after acquiring an additional 1,140 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.3%

QQQJ opened at $31.32 on Tuesday. The firm has a market cap of $624.52 million, a P/E ratio of 21.24 and a beta of 1.10. The business’s fifty day simple moving average is $30.10 and its 200 day simple moving average is $30.54. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $24.89 and a 52 week high of $32.99.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.0878 per share. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.05. This represents a $0.35 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, June 23rd.

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.