Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) Sees Large Volume Increase – Time to Buy?

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw strong trading volume on Friday . 135,521 shares traded hands during trading, an increase of 35% from the previous session’s volume of 100,060 shares.The stock last traded at $29.35 and had previously closed at $28.64.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

The business has a fifty day simple moving average of $31.53 and a 200 day simple moving average of $30.91. The company has a market cap of $619.46 million, a P/E ratio of 21.83 and a beta of 1.10.

Invesco NASDAQ Next Gen 100 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.0353 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Novem Group bought a new position in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter worth approximately $2,013,000. Focus Partners Wealth bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter worth approximately $343,000. Bank of America Corp DE lifted its holdings 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 purchasing an additional 1,140 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 221.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,877 shares of the company’s stock worth $58,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 111.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,742 shares of the company’s stock worth $702,000 after purchasing an additional 12,006 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.