HighTower Advisors LLC Sells 5,695 Shares of Invesco NASDAQ Next Gen 100 ETF $QQQJ

HighTower Advisors LLC reduced its stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 44.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,088 shares of the company’s stock after selling 5,695 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco NASDAQ Next Gen 100 ETF were worth $206,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QQQJ. Mercer Global Advisors Inc. ADV lifted its position in Invesco NASDAQ Next Gen 100 ETF by 111.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,742 shares of the company’s stock valued at $702,000 after acquiring an additional 12,006 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in Invesco NASDAQ Next Gen 100 ETF by 221.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock worth $58,000 after buying an additional 1,293 shares in the last quarter. Bank of America Corp DE lifted its position in Invesco NASDAQ Next Gen 100 ETF by 0.5% during the 4th quarter. Bank of America Corp DE now owns 227,855 shares of the company’s stock worth $7,036,000 after buying an additional 1,140 shares in the last quarter. Focus Partners Wealth bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $343,000. Finally, Novem Group bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth about $2,013,000.

Invesco NASDAQ Next Gen 100 ETF Price Performance

Shares of NASDAQ:QQQJ opened at $34.87 on Friday. The company’s 50-day moving average price is $33.38 and its two-hundred day moving average price is $31.08. Invesco NASDAQ Next Gen 100 ETF has a one year low of $24.89 and a one year high of $34.87. The stock has a market capitalization of $668.46 million, a PE ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were given a dividend of $0.0878 per share. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.35 annualized dividend and a yield of 1.0%.

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.