Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Volume Increase Following Dividend Announcement

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 321,888 shares were traded during trading, an increase of 225% from the previous session’s volume of 98,994 shares.The stock last traded at $30.25 and had previously closed at $29.84.

The newly announced dividend which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.0454 per share. The ex-dividend date is Monday, March 24th. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04.

Invesco NASDAQ Next Gen 100 ETF Stock Down 1.3 %

The firm has a 50 day moving average price of $31.32 and a 200 day moving average price of $30.99. The stock has a market capitalization of $627.24 million, a PE ratio of 21.10 and a beta of 1.10.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 2.9% in the 4th quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock worth $372,000 after acquiring an additional 342 shares in the last quarter. MML Investors Services LLC grew its position in Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock worth $441,000 after purchasing an additional 394 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Invesco NASDAQ Next Gen 100 ETF by 11.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $245,000 after buying an additional 795 shares during the last quarter. Financial Life Planners bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $30,000. Finally, Bank of America Corp DE boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 0.5% in the 4th quarter. Bank of America Corp DE now owns 227,855 shares of the company’s stock worth $7,036,000 after buying an additional 1,140 shares during the last quarter.

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.