Novem Group Purchases Shares of 65,200 Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Novem Group acquired a new position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 65,200 shares of the company’s stock, valued at approximately $2,013,000. Novem Group owned about 0.31% of Invesco NASDAQ Next Gen 100 ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQJ. Private Advisor Group LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock worth $372,000 after buying an additional 342 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 99.9% during the 4th quarter. Invesco Ltd. now owns 48,785 shares of the company’s stock worth $1,506,000 after acquiring an additional 24,380 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 11.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock worth $245,000 after acquiring an additional 795 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 9.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 78,366 shares of the company’s stock worth $2,420,000 after purchasing an additional 6,987 shares during the period. Finally, Texas Yale Capital Corp. purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at $469,000.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.1%

Shares of QQQJ opened at $31.27 on Wednesday. The business’s 50-day moving average price is $28.86 and its 200 day moving average price is $30.62. The stock has a market capitalization of $623.52 million, a P/E ratio of 20.41 and a beta of 1.10. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $24.89 and a 1-year high of $32.99.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

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

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.