Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 12-Month Low – Time to Sell?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares hit a new 52-week low on Friday . The company traded as low as $25.37 and last traded at $26.84, with a volume of 1023 shares. The stock had previously closed at $27.82.

Invesco NASDAQ Next Gen 100 ETF Trading Down 5.9 %

The stock has a market cap of $533.29 million, a price-to-earnings ratio of 21.10 and a beta of 1.10. The company has a fifty day simple moving average of $30.80 and a 200-day simple moving average of $30.98.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.0454 per share. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently made changes to their positions in QQQJ. Mascagni Wealth Management Inc. acquired a new stake in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $76,000. Novem Group acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at about $2,013,000. Focus Partners Wealth bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $343,000. Bank of America Corp DE lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 0.5% during the 4th quarter. Bank of America Corp DE now owns 227,855 shares of the company’s stock valued at $7,036,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Aptus Capital Advisors LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 221.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock worth $58,000 after acquiring an additional 1,293 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.