Raymond James & Associates Reduces Holdings in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Raymond James & Associates decreased its holdings in shares of Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 7.6% during the second quarter, Holdings Channel.com reports. The fund owned 58,667 shares of the company’s stock after selling 4,832 shares during the period. Raymond James & Associates’ holdings in Invesco NASDAQ Next Gen 100 ETF were worth $1,635,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Tidemark LLC purchased a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $41,000. Advantage Trust Co acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the fourth quarter worth about $78,000. Cambridge Trust Co. acquired a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the first quarter worth about $106,000. Roble Belko & Company Inc lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 25.7% during the first quarter. Roble Belko & Company Inc now owns 4,711 shares of the company’s stock worth $136,000 after purchasing an additional 963 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in shares of Invesco NASDAQ Next Gen 100 ETF by 5.9% during the fourth quarter. Centaurus Financial Inc. now owns 6,996 shares of the company’s stock worth $189,000 after purchasing an additional 391 shares during the period.

Invesco NASDAQ Next Gen 100 ETF Stock Up 0.2 %

Invesco NASDAQ Next Gen 100 ETF stock opened at $28.43 on Thursday. Invesco NASDAQ Next Gen 100 ETF has a 52 week low of $22.66 and a 52 week high of $29.41. The company has a market capitalization of $655.03 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The stock has a 50-day moving average price of $28.28 and a 200 day moving average price of $28.10.

Invesco NASDAQ Next Gen 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.0867 per share. This is an increase from Invesco NASDAQ Next Gen 100 ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.22%.

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.