Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Reaches New 52-Week High – Should You Buy?

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

Invesco NASDAQ Next Gen 100 ETF Price Performance

The company’s 50-day moving average price is $31.88 and its two-hundred day moving average price is $30.68. The company has a market capitalization of $671.80 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several large investors have recently modified their holdings of the company. Financial Life Planners acquired a new stake in Invesco NASDAQ Next Gen 100 ETF in the fourth quarter worth $30,000. Aptus Capital Advisors LLC grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 221.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock valued at $58,000 after buying an additional 1,293 shares during the last quarter. National Bank of Canada FI boosted its holdings in Invesco NASDAQ Next Gen 100 ETF by 304.3% during the fourth quarter. National Bank of Canada FI now owns 2,080 shares of the company’s stock worth $64,000 after purchasing an additional 3,098 shares during the last quarter. Modus Advisors LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $87,000. Finally, Topsail Wealth Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $93,000.

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.