Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 52-Week High at $29.91

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.91 and last traded at $29.91, with a volume of 211 shares. The stock had previously closed at $29.63.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The firm’s 50 day moving average price is $28.47 and its 200-day moving average price is $28.17. The firm has a market cap of $689.13 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be paid a $0.046 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $0.18 annualized dividend and a dividend yield of 0.62%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goodman Advisory Group LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 731 shares during the period. Purus Wealth Management LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth approximately $266,000. Chris Bulman Inc bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth approximately $68,000. Denver PWM LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter valued at $84,000. Finally, Essex Financial Services Inc. grew its position in Invesco NASDAQ Next Gen 100 ETF by 1.2% in the second quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after acquiring an additional 961 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Company 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.