Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 52-Week High – Should You Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $43.93 and last traded at $43.87, with a volume of 139963 shares. The stock had previously closed at $43.21.

Invesco NASDAQ Next Gen 100 ETF Stock Up 1.8%

The stock has a market cap of $1.08 billion, a PE ratio of 22.27 and a beta of 1.10. The business has a 50 day moving average price of $39.75 and a 200 day moving average price of $38.36.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

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

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QQQJ. Systelligence LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter valued at approximately $17,963,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 3,437.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after acquiring an additional 416,514 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of 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 acquiring an additional 271,838 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 99.5% in the fourth quarter. Wells Fargo & Company MN now owns 294,519 shares of the company’s stock valued at $10,853,000 after acquiring an additional 146,855 shares in the last quarter. Finally, Retirement Financial Solutions LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 31.1% in the fourth quarter. Retirement Financial Solutions LLC now owns 443,924 shares of the company’s stock valued at $16,359,000 after acquiring an additional 105,376 shares in 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.