Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 12-Month High – Here’s What Happened

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $42.32 and last traded at $42.30, with a volume of 52375 shares changing hands. The stock had previously closed at $42.02.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a 50-day moving average of $38.70 and a two-hundred day moving average of $37.94. The stock has a market capitalization of $998.57 million, a PE ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.0551 dividend. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Systelligence LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the fourth quarter worth $17,963,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 3,437.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 428,631 shares of the company’s stock valued at $15,795,000 after purchasing an additional 416,514 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Invesco NASDAQ Next Gen 100 ETF by 68.3% in the fourth quarter. Osaic Holdings Inc. now owns 669,793 shares of the company’s stock worth $24,682,000 after purchasing an additional 271,838 shares during the period. Wells Fargo & Company MN grew its position in Invesco NASDAQ Next Gen 100 ETF by 99.5% in the 4th quarter. Wells Fargo & Company MN now owns 294,519 shares of the company’s stock valued at $10,853,000 after buying an additional 146,855 shares in the last quarter. Finally, Retirement Financial Solutions LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 31.1% in the 4th quarter. Retirement Financial Solutions LLC now owns 443,924 shares of the company’s stock valued at $16,359,000 after buying an additional 105,376 shares in the last quarter.

Invesco NASDAQ Next Gen 100 ETF Company Profile

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.