Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 52-Week High at $29.51

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.51 and last traded at $29.49, with a volume of 21654 shares trading hands. The stock had previously closed at $29.14.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.7 %

The stock has a market capitalization of $676.22 million, a P/E ratio of 21.16 and a beta of 1.10. The stock’s 50 day simple moving average is $28.38 and its 200 day simple moving average is $28.14.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.0867 dividend. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.35 annualized dividend and a dividend yield of 1.18%.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 1.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock worth $38,127,000 after purchasing an additional 21,719 shares during the period. Centaurus Financial Inc. increased its position in Invesco NASDAQ Next Gen 100 ETF by 5.9% in the fourth quarter. Centaurus Financial Inc. now owns 6,996 shares of the company’s stock worth $189,000 after buying an additional 391 shares during the period. Denver PWM LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter valued at $84,000. SteelPeak Wealth LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the second quarter worth about $1,767,000. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 7.7% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 26,808 shares of the company’s stock worth $747,000 after acquiring an additional 1,906 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.