Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sets New 12-Month High – Should You Buy?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $30.81 and last traded at $30.81, with a volume of 542 shares trading hands. The stock had previously closed at $30.08.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a market cap of $673.91 million, a PE ratio of 21.16 and a beta of 1.10. The business’s 50 day moving average is $29.72 and its 200-day moving average is $28.59.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.046 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.59%.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors have recently bought and sold shares of QQQJ. Goodman Advisory Group LLC raised its position in shares of Invesco NASDAQ Next Gen 100 ETF by 114.6% during the 2nd quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock worth $38,000 after acquiring an additional 731 shares in the last quarter. Chris Bulman Inc acquired a new stake in Invesco NASDAQ Next Gen 100 ETF during the second quarter worth approximately $68,000. Denver PWM LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth approximately $84,000. Cambridge Trust Co. acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 1st quarter valued at $106,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter valued at $151,000.

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.