Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 12-Month High Following Dividend Announcement

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) reached a new 52-week high during trading on Monday following a dividend announcement from the company. The company traded as high as $37.86 and last traded at $37.85, with a volume of 83764 shares traded. The stock had previously closed at $37.43.

The newly announced dividend which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a $0.0665 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, December 22nd.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company has a market cap of $735.60 million, a P/E ratio of 22.27 and a beta of 1.13. The stock has a fifty day moving average price of $36.44 and a two-hundred day moving average price of $34.72.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 11.7% during the first quarter. Invesco Ltd. now owns 54,512 shares of the company’s stock valued at $1,581,000 after purchasing an additional 5,727 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Invesco NASDAQ Next Gen 100 ETF by 26.7% in the 1st quarter. Jones Financial Companies Lllp now owns 112,860 shares of the company’s stock valued at $2,999,000 after buying an additional 23,758 shares during the last quarter. Goldstone Financial Group LLC increased its stake in Invesco NASDAQ Next Gen 100 ETF by 20.9% in the 2nd quarter. Goldstone Financial Group LLC now owns 22,760 shares of the company’s stock valued at $739,000 after buying an additional 3,932 shares during the last quarter. Truist Financial Corp bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter worth approximately $225,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth approximately $123,000.

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.