Mirae Asset Global Investments Co. Ltd. Lowers Position in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ) by 15.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,018 shares of the company’s stock after selling 6,377 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.16% of Invesco NASDAQ Next Gen 100 ETF worth $1,093,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Goodman Advisory Group LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 114.6% in the second quarter. Goodman Advisory Group LLC now owns 1,369 shares of the company’s stock worth $38,000 after acquiring an additional 731 shares during the period. Mystic Asset Management Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 5.7% in the first quarter. Mystic Asset Management Inc. now owns 17,485 shares of the company’s stock worth $505,000 after acquiring an additional 950 shares during the period. Essex Financial Services Inc. lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 1.2% in the second quarter. Essex Financial Services Inc. now owns 83,774 shares of the company’s stock worth $2,335,000 after acquiring an additional 961 shares during the period. WealthCare Investment Partners LLC lifted its stake in Invesco NASDAQ Next Gen 100 ETF by 3.3% in the third quarter. WealthCare Investment Partners LLC now owns 43,753 shares of the company’s stock worth $1,320,000 after acquiring an additional 1,391 shares during the period. Finally, Cetera Advisors LLC lifted its position in shares of Invesco NASDAQ Next Gen 100 ETF by 13.4% during the first quarter. Cetera Advisors LLC now owns 14,775 shares of the company’s stock valued at $427,000 after buying an additional 1,748 shares during the last quarter.

Invesco NASDAQ Next Gen 100 ETF Stock Performance

QQQJ stock opened at $29.67 on Friday. The firm has a market cap of $638.20 million, a price-to-earnings ratio of 21.16 and a beta of 1.10. The firm has a 50-day simple moving average of $29.65 and a two-hundred day simple moving average of $28.51. Invesco NASDAQ Next Gen 100 ETF has a one year low of $23.13 and a one year high of $30.73.

Invesco NASDAQ Next Gen 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.046 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ Next Gen 100 ETF 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.