Baird Financial Group Inc. Lowers Holdings in Invesco NASDAQ Next Gen 100 ETF $QQQJ

Baird Financial Group Inc. decreased its stake in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 31.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,488 shares of the company’s stock after selling 7,092 shares during the quarter. Baird Financial Group Inc. owned about 0.08% of Invesco NASDAQ Next Gen 100 ETF worth $449,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of QQQJ. AE Wealth Management LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 507.4% during the first quarter. AE Wealth Management LLC now owns 905 shares of the company’s stock valued at $26,000 after acquiring an additional 756 shares during the last quarter. GPS Wealth Strategies Group LLC increased its position in Invesco NASDAQ Next Gen 100 ETF by 67.0% during the first quarter. GPS Wealth Strategies Group LLC now owns 962 shares of the company’s stock valued at $28,000 after acquiring an additional 386 shares during the last quarter. NorthRock Partners LLC purchased a new stake in Invesco NASDAQ Next Gen 100 ETF during the first quarter valued at $66,000. Mascagni Wealth Management Inc. bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at about $76,000. Finally, Congress Park Capital LLC grew its holdings in Invesco NASDAQ Next Gen 100 ETF by 5.0% during the first quarter. Congress Park Capital LLC now owns 9,898 shares of the company’s stock valued at $287,000 after purchasing an additional 468 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

NASDAQ:QQQJ opened at $35.25 on Thursday. The stock has a 50-day simple moving average of $33.65 and a two-hundred day simple moving average of $31.15. Invesco NASDAQ Next Gen 100 ETF has a 52-week low of $24.89 and a 52-week high of $35.54. The firm has a market capitalization of $675.74 million, a PE ratio of 22.27 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued 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. This represents a $0.35 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 23rd.

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.