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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $32.02 and last traded at $32.02, with a volume of 466 shares trading hands. The stock had previously closed at $31.54.

Invesco NASDAQ Next Gen 100 ETF Trading Down 0.3 %

The business has a 50-day moving average of $30.46 and a 200 day moving average of $28.98. The firm has a market capitalization of $688.10 million, a P/E ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.046 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently bought and sold shares of QQQJ. Jane Street Group LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter valued at about $23,579,000. LRI Investments LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter worth approximately $17,089,000. SteelPeak Wealth LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the second quarter valued at approximately $1,767,000. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,368,026 shares of the company’s stock valued at $38,127,000 after purchasing an additional 21,719 shares in the last quarter. Finally, DMC Group LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $514,000.

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.