Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Strong Trading Volume

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw an uptick in trading volume on Wednesday . 151,413 shares changed hands during trading, an increase of 27% from the previous session’s volume of 118,756 shares.The stock last traded at $27.90 and had previously closed at $27.83.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The stock has a market cap of $656.83 million, a P/E ratio of 21.16 and a beta of 1.10. The company has a fifty day moving average price of $27.82 and a 200 day moving average price of $27.61.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.0867 per share. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.35 annualized dividend and a dividend yield of 1.24%.

Institutional Investors Weigh In On Invesco NASDAQ Next Gen 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Tidemark LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $41,000. RIA Advisory Group LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $43,000. Advantage Trust Co purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter valued at approximately $78,000. Cambridge Trust Co. purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the first quarter valued at approximately $106,000. Finally, Roble Belko & Company Inc boosted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 25.7% during the first quarter. Roble Belko & Company Inc now owns 4,711 shares of the company’s stock valued at $136,000 after buying an additional 963 shares during the last quarter.

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.