Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month Low – Here’s Why

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $25.37 and last traded at $26.84, with a volume of 1023 shares changing hands. The stock had previously closed at $27.82.

Invesco NASDAQ Next Gen 100 ETF Trading Down 4.6 %

The firm has a 50 day moving average price of $30.93 and a 200-day moving average price of $30.98. The firm has a market cap of $557.85 million, a price-to-earnings ratio of 21.10 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0454 dividend. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $40,940,000. Jane Street Group LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $23,579,000. LRI Investments LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at $17,089,000. Trilogy Capital Inc. acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $5,357,000. Finally, SteelPeak Wealth LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth $2,653,000.

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.