Invesco NASDAQ Next Gen 100 ETF (QQQJ)
Invesco NASDAQ Next Gen 100 ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $44.47, up 0.35% on the session, giving a market capitalisation of $1.13B. Its beta of 1.13 implies it has historically moved more than the broad market.
The Invesco NASDAQ Next Gen 100 Fund (QQQJ) is an exchange-traded fund structured to mirror the performance of the NASDAQ Next Generation 100 Index. This Fund commits a minimum of 90% of its total assets to the securities that make up this index, focusing on companies ranked from the 101st to the 200th largest by market capitalization on the NASDAQ exchange. As a result, its investment portfolio frequently exhibits a strong concentration in mid-capitalization equities. The underlying Index itself identifies the next cohort of 100 significant non-financial companies listed on Nasdaq, specifically those that are not already members of the NASDAQ-100 Index. Both the Fund and its benchmark Index are rebalanced on a quarterly basis and fully reconstituted once each year.
Invesco NASDAQ Next Gen 100 ETF is most often compared with the following Financial Services names: