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

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) hit a new 52-week high on Monday . The company traded as high as $35.36 and last traded at $35.25, with a volume of 8449 shares. The stock had previously closed at $35.25.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.2%

The firm has a market cap of $676.97 million, a PE ratio of 22.27 and a beta of 1.10. The stock has a 50 day moving average price of $33.45 and a two-hundred day moving average price of $31.07.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.0878 per share. The ex-dividend date was Monday, June 23rd. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.05. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.0%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of large investors have recently modified their holdings of the business. Coppell Advisory Solutions LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth about $316,000. Tower Research Capital LLC TRC lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 50.7% in the second quarter. Tower Research Capital LLC TRC now owns 21,015 shares of the company’s stock valued at $672,000 after acquiring an additional 7,067 shares during the period. MML Investors Services LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 3.0% during the 2nd quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock worth $557,000 after buying an additional 509 shares during the period. Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 0.4% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 167,258 shares of the company’s stock worth $5,349,000 after buying an additional 650 shares during the period. Finally, Proactive Wealth Strategies LLC raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.7% during the 2nd quarter. Proactive Wealth Strategies LLC now owns 14,149 shares of the company’s stock worth $452,000 after buying an additional 378 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.