Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Unusually-High Trading Volume – What’s Next?

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares saw unusually-strong trading volume on Tuesday . Approximately 536,546 shares were traded during trading, an increase of 403% from the previous session’s volume of 106,673 shares.The stock last traded at $36.8240 and had previously closed at $36.84.

Invesco NASDAQ Next Gen 100 ETF Trading Up 0.7%

The firm has a market cap of $716.15 million, a PE ratio of 22.27 and a beta of 1.13. The company’s 50-day moving average is $36.35 and its 200 day moving average is $34.58.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.1145 per share. This is a boost from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.09. This represents a $0.46 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, September 22nd.

Hedge Funds Weigh In On Invesco NASDAQ Next Gen 100 ETF

A number of large investors have recently bought and sold shares of QQQJ. CIBC Bancorp USA Inc. acquired a new position in Invesco NASDAQ Next Gen 100 ETF during the third quarter worth $323,000. Centaurus Financial Inc. boosted its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 7.6% during the 3rd quarter. Centaurus Financial Inc. now owns 7,126 shares of the company’s stock worth $255,000 after buying an additional 504 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 9.9% in the 3rd quarter. NewEdge Advisors LLC now owns 23,229 shares of the company’s stock valued at $831,000 after acquiring an additional 2,096 shares in the last quarter. Focus Partners Wealth increased its position in shares of Invesco NASDAQ Next Gen 100 ETF by 123.5% during the 3rd quarter. Focus Partners Wealth now owns 22,752 shares of the company’s stock worth $814,000 after purchasing an additional 12,573 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 67.8% in the third quarter. Ameriprise Financial Inc. now owns 123,684 shares of the company’s stock valued at $4,427,000 after acquiring an additional 49,981 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.