Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Hits New 52-Week High – Here’s What Happened

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high on Monday . The stock traded as high as $32.02 and last traded at $32.02, with a volume of 466 shares changing hands. The stock had previously closed at $31.54.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm has a 50 day moving average price of $30.35 and a two-hundred day moving average price of $28.92. The company has a market capitalization of $691.12 million, a P/E ratio of 21.16 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, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.046 dividend. 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 0.57%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently modified their holdings of the business. Cetera Advisors LLC increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% during the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock worth $427,000 after acquiring an additional 1,748 shares in the last quarter. Cambridge Trust Co. acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 1st quarter worth about $106,000. Gill Capital Partners LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth about $222,000. Cornerstone Wealth Management LLC grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 7.7% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 26,808 shares of the company’s stock valued at $747,000 after acquiring an additional 1,906 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the second quarter valued at about $1,767,000.

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.