Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Trading 0.8% Higher – Should You Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) rose 0.8% on Monday . The stock traded as high as $44.23 and last traded at $43.94. Approximately 89,817 shares changed hands during trading, a decline of 50% from the average session volume of 180,489 shares. The stock had previously closed at $43.60.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.8%

The stock has a fifty day moving average of $44.31 and a 200-day moving average of $40.64. The stock has a market capitalization of $1.12 billion, a price-to-earnings 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. Investors of record on Monday, June 22nd were given a $0.0091 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter worth about $25,000. International Assets Investment Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $26,000. Realta Investment Advisors purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $29,000. PNC Financial Services Group Inc. increased its position in Invesco NASDAQ Next Gen 100 ETF by 178.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 781 shares of the company’s stock worth $29,000 after buying an additional 501 shares during the period. Finally, Allworth Financial LP increased its position in Invesco NASDAQ Next Gen 100 ETF by 183.3% during the fourth quarter. Allworth Financial LP now owns 850 shares of the company’s stock worth $31,000 after buying an additional 550 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.