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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $45.78 and last traded at $45.77, with a volume of 58462 shares changing hands. The stock had previously closed at $45.44.

Invesco NASDAQ Next Gen 100 ETF Trading Down 0.2%

The firm has a 50-day moving average of $43.15 and a two-hundred day moving average of $39.79. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.27 and a beta of 1.12.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.0091 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QQQJ. WealthCare Investment Partners LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 1.3% in the 4th quarter. WealthCare Investment Partners LLC now owns 23,594 shares of the company’s stock valued at $885,000 after purchasing an additional 294 shares during the period. Invesco Ltd. grew its position in Invesco NASDAQ Next Gen 100 ETF by 0.6% in the 2nd quarter. Invesco Ltd. now owns 54,812 shares of the company’s stock worth $1,753,000 after purchasing an additional 300 shares in the last quarter. Texas Yale Capital Corp. increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 0.7% during the 4th quarter. Texas Yale Capital Corp. now owns 45,340 shares of the company’s stock valued at $1,671,000 after purchasing an additional 325 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Invesco NASDAQ Next Gen 100 ETF by 178.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after acquiring an additional 501 shares during the period. Finally, Centaurus Financial Inc. raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 7.6% in the 3rd quarter. Centaurus Financial Inc. now owns 7,126 shares of the company’s stock worth $255,000 after purchasing an additional 504 shares during the period.

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.