Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Volume Increase – What’s Next?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw strong trading volume on Friday . 135,521 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 100,060 shares.The stock last traded at $29.35 and had previously closed at $28.64.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The firm has a market cap of $619.46 million, a P/E ratio of 21.83 and a beta of 1.10. The firm has a fifty day moving average of $31.53 and a 200-day moving average of $30.91.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a $0.0353 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

Several hedge funds have recently added to or reduced their stakes in QQQJ. FMR LLC raised its stake 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 in the last quarter. Jane Street Group LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at $23,579,000. MML Investors Services LLC raised its stake in Invesco NASDAQ Next Gen 100 ETF by 2.8% during the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock valued at $441,000 after acquiring an additional 394 shares in the last quarter. LRI Investments LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at $17,089,000. Finally, Modus Advisors LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $87,000.

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.