Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Strong Trading Volume After Dividend Announcement

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw unusually-strong trading volume on Monday after the company announced a dividend. Approximately 321,888 shares traded hands during mid-day trading, an increase of 225% from the previous session’s volume of 98,994 shares.The stock last traded at $30.25 and had previously closed at $29.84.

The newly announced dividend which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0454 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The stock has a 50 day moving average price of $31.32 and a two-hundred day moving average price of $30.99. The company has a market capitalization of $627.53 million, a price-to-earnings ratio of 21.10 and a beta of 1.10.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQQJ. FMR LLC grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 60.9% during the third quarter. FMR LLC now owns 6,843 shares of the company’s stock valued at $208,000 after purchasing an additional 2,591 shares during the last quarter. Jane Street Group LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at $23,579,000. MML Investors Services LLC increased its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after buying an additional 394 shares during the period. LRI Investments LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at $17,089,000. Finally, Modus Advisors LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $87,000.

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.