Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month High – Still a Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares reached a new 52-week high 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 stock’s 50 day simple moving average is $30.61 and its two-hundred day simple moving average is $29.07. The stock has a market capitalization of $693.48 million, a PE ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

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

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several large investors have recently added to or reduced their stakes in QQQJ. MML Investors Services LLC boosted its position in Invesco NASDAQ Next Gen 100 ETF by 2.8% during the third quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock worth $441,000 after purchasing an additional 394 shares during the period. Goodman Advisory Group LLC grew its stake in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock valued at $38,000 after buying an additional 731 shares in the last quarter. Essex Financial Services Inc. raised its holdings in Invesco NASDAQ Next Gen 100 ETF by 1.2% during the 2nd quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock valued at $2,335,000 after acquiring an additional 961 shares during the period. WealthCare Investment Partners LLC boosted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 3.3% in the third quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock worth $1,320,000 after acquiring an additional 1,391 shares during the period. Finally, Cetera Advisors LLC grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% in the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock valued at $427,000 after purchasing an additional 1,748 shares in 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.