145,868 Shares in Invesco NASDAQ Next Gen 100 ETF $QQQJ Bought by Purus Wealth Management LLC

Purus Wealth Management LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 145,868 shares of the company’s stock, valued at approximately $6,396,000. Invesco NASDAQ Next Gen 100 ETF comprises about 1.8% of Purus Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Purus Wealth Management LLC owned about 0.55% of Invesco NASDAQ Next Gen 100 ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 62.5% during the first quarter. Royal Bank of Canada now owns 125,398 shares of the company’s stock worth $4,541,000 after buying an additional 48,220 shares in the last quarter. Retirement Financial Solutions LLC lifted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% in the 1st quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock valued at $16,503,000 after acquiring an additional 11,845 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at $583,000. Systelligence LLC lifted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 21.2% in the 1st quarter. Systelligence LLC now owns 590,730 shares of the company’s stock valued at $21,390,000 after acquiring an additional 103,260 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter valued at $43,000.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of NASDAQ QQQJ traded up $0.32 during mid-day trading on Thursday, hitting $43.99. 118,700 shares of the stock traded hands, compared to its average volume of 172,977. The company has a market cap of $1.17 billion, a PE ratio of 22.27 and a beta of 1.13. Invesco NASDAQ Next Gen 100 ETF has a twelve month low of $34.39 and a twelve month high of $46.94. The firm has a 50 day simple moving average of $45.03 and a two-hundred day simple moving average of $43.42.

Invesco NASDAQ Next Gen 100 ETF 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.