Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 52-Week High – Here’s Why

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.24 and last traded at $32.22, with a volume of 26993 shares trading hands. The stock had previously closed at $32.12.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a fifty day moving average of $30.71 and a 200-day moving average of $29.12. The firm has a market cap of $699.29 million, a P/E ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.046 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, September 23rd.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Large investors have recently added to or reduced their stakes in the company. Goodman Advisory Group LLC increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after acquiring an additional 731 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter valued at approximately $68,000. Denver PWM LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter valued at approximately $84,000. International Assets Investment Management LLC bought a new position in Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter valued at approximately $151,000. Finally, FMR LLC boosted its stake in Invesco NASDAQ Next Gen 100 ETF by 60.9% during the 3rd 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.

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.