Invesco NASDAQ Next Gen 100 ETF $QQQJ Shares Purchased by Royal Bank of Canada

Royal Bank of Canada raised its position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 62.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,398 shares of the company’s stock after acquiring an additional 48,220 shares during the quarter. Royal Bank of Canada owned approximately 0.52% of Invesco NASDAQ Next Gen 100 ETF worth $4,541,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQJ. Cetera Investment Advisers raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 23,587 shares of the company’s stock valued at $754,000 after purchasing an additional 1,840 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 11.0% during the second quarter. JPMorgan Chase & Co. now owns 6,407 shares of the company’s stock worth $205,000 after purchasing an additional 636 shares in the last quarter. Invesco Ltd. grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 0.6% during the second 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. Baird Financial Group Inc. increased its holdings in Invesco NASDAQ Next Gen 100 ETF by 7.1% in the second quarter. Baird Financial Group Inc. now owns 16,589 shares of the company’s stock valued at $531,000 after buying an additional 1,101 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in Invesco NASDAQ Next Gen 100 ETF by 3.0% in the second quarter. MML Investors Services LLC now owns 17,425 shares of the company’s stock valued at $557,000 after buying an additional 509 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Invesco NASDAQ Next Gen 100 ETF stock opened at $46.78 on Friday. The stock has a market cap of $1.19 billion, a PE ratio of 22.27 and a beta of 1.12. The stock’s fifty day moving average is $44.65 and its two-hundred day moving average is $41.22. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $33.75 and a 1-year high of $46.94.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

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

Invesco NASDAQ Next Gen 100 ETF 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.