Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 1-Year High – What’s Next?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) hit a new 52-week high on Monday . The stock traded as high as $32.02 and last traded at $32.02, with a volume of 466 shares trading hands. The stock had previously closed at $31.54.

Invesco NASDAQ Next Gen 100 ETF Stock Down 0.3 %

The stock has a 50 day moving average of $30.46 and a 200 day moving average of $28.98. The company has a market capitalization of $688.10 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.046 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds have recently bought and sold shares of the company. LRI Investments LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the third quarter valued at $17,089,000. MML Investors Services LLC lifted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after purchasing an additional 394 shares during the period. Jane Street Group LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at about $23,579,000. FMR LLC grew its stake in Invesco NASDAQ Next Gen 100 ETF by 60.9% during the third quarter. FMR LLC now owns 6,843 shares of the company’s stock worth $208,000 after purchasing an additional 2,591 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at $406,000.

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.