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

Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) shares saw strong trading volume on Monday after the company announced a dividend. 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. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous dividend of $0.04. The ex-dividend date of this dividend is Monday, March 24th.

Invesco NASDAQ Next Gen 100 ETF Price Performance

The business’s 50 day simple moving average is $31.32 and its 200-day simple moving average is $30.99. The stock has a market capitalization of $627.53 million, a P/E ratio of 21.10 and a beta of 1.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its holdings in Invesco NASDAQ Next Gen 100 ETF by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 12,040 shares of the company’s stock valued at $372,000 after purchasing an additional 342 shares during the last quarter. MML Investors Services LLC grew its position in shares of Invesco NASDAQ Next Gen 100 ETF by 2.8% during the 3rd quarter. MML Investors Services LLC now owns 14,525 shares of the company’s stock worth $441,000 after buying an additional 394 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Invesco NASDAQ Next Gen 100 ETF by 11.1% in the 4th quarter. JPMorgan Chase & Co. now owns 7,936 shares of the company’s stock valued at $245,000 after acquiring an additional 795 shares during the last quarter. Financial Life Planners acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF in the 4th quarter valued at approximately $30,000. Finally, Bank of America Corp DE raised its position 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 valued at $7,036,000 after acquiring an additional 1,140 shares during the period.

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.