Jane Street Group LLC Makes New $23.58 Million Investment in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Jane Street Group LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 776,397 shares of the company’s stock, valued at approximately $23,579,000.

Several other hedge funds also recently made changes to their positions in QQQJ. Goodman Advisory Group LLC raised its holdings in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock worth $38,000 after purchasing an additional 731 shares in the last quarter. Chris Bulman Inc purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth about $68,000. Denver PWM LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 2nd quarter worth about $84,000. International Assets Investment Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the 2nd quarter valued at about $151,000. Finally, FMR LLC lifted its position in Invesco NASDAQ Next Gen 100 ETF by 60.9% during the 3rd quarter. FMR LLC now owns 6,843 shares of the company’s stock valued at $208,000 after acquiring an additional 2,591 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

Shares of QQQJ opened at $32.64 on Tuesday. The firm’s 50-day simple moving average is $30.85 and its two-hundred day simple moving average is $29.21. Invesco NASDAQ Next Gen 100 ETF has a fifty-two week low of $25.48 and a fifty-two week high of $32.95. The stock has a market cap of $702.09 million, a PE ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.046 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 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.