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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw an uptick in trading volume on Wednesday . 151,413 shares were traded 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 firm’s 50-day simple moving average is $27.79 and its two-hundred day simple moving average is $27.60. The company has a market capitalization of $656.36 million, a price-to-earnings ratio of 21.16 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in QQQJ. International Assets Investment Management LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $5,555,000. Trilogy Capital Inc. grew its position in Invesco NASDAQ Next Gen 100 ETF by 60.1% during the first quarter. Trilogy Capital Inc. now owns 176,091 shares of the company’s stock worth $5,091,000 after buying an additional 66,075 shares during the period. Brookstone Capital Management grew its position in Invesco NASDAQ Next Gen 100 ETF by 124.5% during the first quarter. Brookstone Capital Management now owns 112,508 shares of the company’s stock worth $3,253,000 after buying an additional 62,396 shares during the period. Spirepoint Private Client LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the first quarter worth about $1,024,000. Finally, Gerber LLC acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $870,000.

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.