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

Shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) saw unusually-high trading volume on Monday after the company announced a dividend. Approximately 321,888 shares traded hands during trading, an increase of 225% from the previous session’s volume of 98,994 shares.The stock last traded at $30.25 and had previously closed at $29.84.

The newly announced dividend which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be paid a dividend of $0.0454 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04.

Invesco NASDAQ Next Gen 100 ETF Stock Down 1.3 %

The stock has a market capitalization of $627.24 million, a P/E ratio of 21.10 and a beta of 1.10. The firm’s 50 day simple moving average is $31.32 and its two-hundred day simple moving average is $30.99.

Institutional Trading of Invesco NASDAQ Next Gen 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in Invesco NASDAQ Next Gen 100 ETF by 60.9% in the third quarter. FMR LLC now owns 6,843 shares of the company’s stock valued at $208,000 after acquiring an additional 2,591 shares during the period. Jane Street Group LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF during the third quarter worth approximately $23,579,000. MML Investors Services LLC lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock worth $441,000 after purchasing an additional 394 shares in the last quarter. LRI Investments LLC acquired a new stake in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at $17,089,000. Finally, Modus Advisors LLC bought a new stake in Invesco NASDAQ Next Gen 100 ETF during the 4th quarter valued at $87,000.

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.