Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Stock Price Up 0.8% – What’s Next?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares traded up 0.8% on Monday . The stock traded as high as $44.23 and last traded at $43.94. 89,817 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 180,489 shares. The stock had previously closed at $43.60.

Invesco NASDAQ Next Gen 100 ETF Trading Down 1.2%

The company has a market cap of $1.11 billion, a P/E ratio of 22.27 and a beta of 1.12. The stock’s 50-day moving average price is $44.37 and its 200-day moving average price is $40.68.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

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

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds and other institutional investors have recently modified their holdings of QQQJ. Systelligence LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth $17,963,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after buying an additional 416,514 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of 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 valued at $24,682,000 after buying an additional 271,838 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 99.5% during the fourth quarter. Wells Fargo & Company MN now owns 294,519 shares of the company’s stock valued at $10,853,000 after buying an additional 146,855 shares during the last quarter. Finally, Retirement Financial Solutions LLC raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 31.1% in the 4th quarter. Retirement Financial Solutions LLC now owns 443,924 shares of the company’s stock worth $16,359,000 after acquiring an additional 105,376 shares during the last quarter.

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.