Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 1-Year High – Time to Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high on Wednesday . The stock traded as high as $41.87 and last traded at $41.55, with a volume of 18971 shares changing hands. The stock had previously closed at $41.13.

Invesco NASDAQ Next Gen 100 ETF Trading Up 1.9%

The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.27 and a beta of 1.10. The stock has a fifty day moving average price of $38.10 and a 200-day moving average price of $37.63.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0551 per share. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several institutional investors and hedge funds have recently made changes to their positions in QQQJ. Raymond James Financial Inc. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 0.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,147,467 shares of the company’s stock worth $41,068,000 after purchasing an additional 9,073 shares in the last quarter. Osaic Holdings Inc. boosted its position in Invesco NASDAQ Next Gen 100 ETF by 68.3% in the fourth quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock valued at $24,682,000 after buying an additional 271,838 shares in the last quarter. Systelligence LLC grew its stake 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 worth $21,390,000 after buying an additional 103,260 shares during the last quarter. LPL Financial LLC grew its stake in Invesco NASDAQ Next Gen 100 ETF by 22.8% during the fourth quarter. LPL Financial LLC now owns 467,342 shares of the company’s stock worth $17,222,000 after buying an additional 86,770 shares during the last quarter. Finally, Retirement Financial Solutions LLC increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% during the first quarter. Retirement Financial Solutions LLC now owns 455,769 shares of the company’s stock worth $16,503,000 after buying an additional 11,845 shares in the last quarter.

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.