Cannon Capital Management Inc. purchased a new stake in Invesco NASDAQ Next Gen 100 ETF (NASDAQ:QQQJ – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,980 shares of the company’s stock, valued at approximately $920,000. Invesco NASDAQ Next Gen 100 ETF makes up about 0.6% of Cannon Capital Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Cannon Capital Management Inc. owned about 0.08% of Invesco NASDAQ Next Gen 100 ETF at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management bought a new position in Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at about $6,556,000. Purus Wealth Management LLC acquired a new position in shares of Invesco NASDAQ Next Gen 100 ETF in the 3rd quarter valued at approximately $6,396,000. Commonwealth Equity Services LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth approximately $5,365,000. Novem Group bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth approximately $2,660,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Invesco NASDAQ Next Gen 100 ETF during the 3rd quarter worth approximately $2,280,000.
Invesco NASDAQ Next Gen 100 ETF Stock Performance
Shares of NASDAQ QQQJ traded up $0.18 during trading hours on Friday, hitting $42.57. 157,153 shares of the stock were exchanged, compared to its average volume of 172,523. The company’s fifty day simple moving average is $44.34 and its two-hundred day simple moving average is $42.20. The company has a market cap of $1.14 billion, a PE ratio of 22.27 and a beta of 1.14. Invesco NASDAQ Next Gen 100 ETF has a 1-year low of $34.39 and a 1-year high of $46.94.
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.
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