Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw unusually-strong trading volume on Friday . Approximately 114,746 shares traded hands during trading, a decline of 6% from the previous session’s volume of 122,130 shares.The stock last traded at $31.08 and had previously closed at $30.91.

Invesco NASDAQ Next Gen 100 ETF Stock Up 1.5 %

The firm has a market cap of $668.28 million, a PE ratio of 21.16 and a beta of 1.10. The firm’s fifty day simple moving average is $31.37 and its two-hundred day simple moving average is $29.73.

Invesco NASDAQ Next Gen 100 ETF Dividend Announcement

The company also recently announced 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 of this dividend was Monday, December 23rd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

Several large investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter valued at approximately $23,579,000. LRI Investments LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter valued at approximately $17,089,000. DMC Group LLC purchased a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the third quarter worth $514,000. Proactive Wealth Strategies LLC bought a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $406,000. Finally, Granite Bay Wealth Management LLC purchased a new position in Invesco NASDAQ Next Gen 100 ETF during the third quarter valued at $387,000.

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.