Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 52-Week High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) hit a new 52-week high on Thursday . The stock traded as high as $42.32 and last traded at $42.30, with a volume of 52375 shares changing hands. The stock had previously closed at $42.02.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.4%

The firm has a market cap of $1.02 billion, a P/E ratio of 22.27 and a beta of 1.10. The business has a fifty day moving average of $38.53 and a 200 day moving average of $37.88.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.0551 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently bought and sold shares of QQQJ. US Bancorp DE acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the third quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth approximately $26,000. International Assets Investment Management LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth approximately $26,000. Realta Investment Advisors acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth approximately $29,000. Finally, PNC Financial Services Group Inc. lifted its position in Invesco NASDAQ Next Gen 100 ETF by 178.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after acquiring an additional 501 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.