Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month High – What’s Next?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $46.65 and last traded at $46.56, with a volume of 115044 shares. The stock had previously closed at $46.22.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.7%

The firm’s 50-day simple moving average is $44.63 and its two-hundred day simple moving average is $41.16. The stock has a market capitalization of $1.18 billion, a PE ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after purchasing an additional 416,514 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 68.3% during the fourth quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock worth $24,682,000 after purchasing an additional 271,838 shares during the period. Wells Fargo & Company MN boosted 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 worth $10,853,000 after purchasing an additional 146,855 shares during the period. Retirement Financial Solutions LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 31.1% during the fourth quarter. Retirement Financial Solutions LLC now owns 443,924 shares of the company’s stock worth $16,359,000 after purchasing an additional 105,376 shares during the period. Finally, Systelligence LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 21.2% during the first quarter. Systelligence LLC now owns 590,730 shares of the company’s stock valued at $21,390,000 after purchasing an additional 103,260 shares in 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.