Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 11.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,613 shares of the company’s stock after selling 6,230 shares during the quarter. Commonwealth Equity Services LLC owned 0.21% of Invesco NASDAQ Next Gen 100 ETF worth $1,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 1.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock valued at $38,127,000 after buying an additional 21,719 shares during the period. Centaurus Financial Inc. increased its position in Invesco NASDAQ Next Gen 100 ETF by 5.9% during the fourth quarter. Centaurus Financial Inc. now owns 6,996 shares of the company’s stock worth $189,000 after buying an additional 391 shares during the period. SteelPeak Wealth LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the second quarter worth approximately $1,767,000. Cornerstone Wealth Management LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 7.7% during the second quarter. Cornerstone Wealth Management LLC now owns 26,808 shares of the company’s stock worth $747,000 after buying an additional 1,906 shares during the period. Finally, Gerber LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth approximately $870,000.

Invesco NASDAQ Next Gen 100 ETF Trading Up 1.4 %

NASDAQ:QQQJ opened at $29.10 on Monday. The firm has a market cap of $670.46 million, a P/E ratio of 21.16 and a beta of 1.10. The stock’s 50 day simple moving average is $28.36 and its 200-day simple moving average is $28.13. Invesco NASDAQ Next Gen 100 ETF has a 12-month low of $22.66 and a 12-month high of $29.41.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.0867 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07.

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.