Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 52-Week High – Here’s Why

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $32.99 and last traded at $32.98, with a volume of 46926 shares traded. The stock had previously closed at $32.86.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.2 %

The stock has a market cap of $691.77 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The stock’s 50 day moving average is $31.86 and its two-hundred day moving average is $30.62.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.0353 per share. The ex-dividend date was Monday, December 23rd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in QQQJ. Raymond James Financial Inc. purchased a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at approximately $40,940,000. Jane Street Group LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter valued at approximately $23,579,000. LRI Investments LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter worth approximately $17,089,000. Trilogy Capital Inc. acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth $5,357,000. Finally, SteelPeak Wealth LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at $2,653,000.

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.