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

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw an uptick in trading volume on Friday . 51,405 shares were traded during mid-day trading, a decline of 56% from the previous session’s volume of 117,800 shares.The stock last traded at $28.77 and had previously closed at $28.54.

Invesco NASDAQ Next Gen 100 ETF Stock Up 1.4 %

The firm has a market cap of $674.01 million, a P/E ratio of 21.16 and a beta of 1.10. The company’s 50 day simple moving average is $27.91 and its 200-day simple moving average is $27.66.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.0867 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, June 24th. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Tidemark LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $41,000. RIA Advisory Group LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $43,000. Advantage Trust Co acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $78,000. Cambridge Trust Co. acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at about $106,000. Finally, Roble Belko & Company Inc lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 25.7% in the 1st quarter. Roble Belko & Company Inc now owns 4,711 shares of the company’s stock valued at $136,000 after buying an additional 963 shares during the period.

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.