Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 52-Week High at $29.33

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $29.33 and last traded at $29.31, with a volume of 216462 shares traded. The stock had previously closed at $28.91.

Invesco NASDAQ Next Gen 100 ETF Stock Up 1.7 %

The firm has a market capitalization of $682.73 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The stock has a 50 day moving average of $27.96 and a 200 day moving average of $27.69.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.0867 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.35 dividend on an annualized basis and a yield of 1.18%. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Large investors have recently bought and sold shares of the business. Tidemark LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $41,000. RIA Advisory Group LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $43,000. Advantage Trust Co bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $78,000. Cambridge Trust Co. bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the first quarter valued at approximately $106,000. Finally, Roble Belko & Company Inc raised its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 25.7% during the first 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 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.