Western Wealth Management LLC Makes New $583,000 Investment in Invesco NASDAQ Next Gen 100 ETF $QQQJ

Western Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,109 shares of the company’s stock, valued at approximately $583,000. Western Wealth Management LLC owned about 0.07% of Invesco NASDAQ Next Gen 100 ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQJ. International Assets Investment Management LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth about $26,000. US Bancorp DE bought a new position in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at about $25,000. PNC Financial Services Group Inc. grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 178.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock valued at $29,000 after purchasing an additional 501 shares during the last quarter. Allworth Financial LP raised its position in Invesco NASDAQ Next Gen 100 ETF by 183.3% in the 4th quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $31,000 after purchasing an additional 550 shares during the period. Finally, Comerica Bank purchased a new stake in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth about $43,000.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of NASDAQ QQQJ opened at $46.63 on Friday. Invesco NASDAQ Next Gen 100 ETF has a 1 year low of $33.75 and a 1 year high of $46.94. The firm has a 50-day simple moving average of $44.71 and a two-hundred day simple moving average of $41.25. The company has a market cap of $1.19 billion, a P/E ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

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