Invesco NASDAQ Next Gen 100 ETF $QQQJ Position Reduced by Erickson Financial Group LLC

Erickson Financial Group LLC trimmed its holdings in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 10.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 214,304 shares of the company’s stock after selling 25,693 shares during the quarter. Invesco NASDAQ Next Gen 100 ETF accounts for about 4.6% of Erickson Financial Group LLC’s investment portfolio, making the stock its 8th largest holding. Erickson Financial Group LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $6,853,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in QQQJ. AE Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 507.4% during the 1st quarter. AE Wealth Management LLC now owns 905 shares of the company’s stock valued at $26,000 after acquiring an additional 756 shares in the last quarter. NorthRock Partners LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the first quarter worth about $66,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth about $123,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the second quarter worth about $204,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 11.0% in the second quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock valued at $205,000 after buying an additional 636 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Invesco NASDAQ Next Gen 100 ETF stock opened at $35.06 on Friday. The firm has a market capitalization of $681.92 million, a PE ratio of 22.27 and a beta of 1.13. Invesco NASDAQ Next Gen 100 ETF has a one year low of $24.89 and a one year high of $37.42. The stock’s 50 day moving average price is $36.06 and its 200 day moving average price is $33.76.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.1145 dividend. This represents a $0.46 annualized dividend and a dividend yield of 1.3%. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, September 22nd.

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.