Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading Down 3.2% – Should You Sell?

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ)’s stock price dropped 3.2% during mid-day trading on Tuesday . The stock traded as low as $33.76 and last traded at $33.90. Approximately 3,316 shares changed hands during trading, an increase of 80% from the average daily volume of 1,842 shares. The stock had previously closed at $35.01.

Invesco Nasdaq Free Cash Flow Achievers ETF Trading Down 3.2%

The stock’s 50 day moving average is $35.80 and its 200 day moving average is $36.00. The stock has a market capitalization of $13.56 million, a price-to-earnings ratio of 36.92 and a beta of 1.12.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.0181 dividend. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.07 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned approximately 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent filing with the Securities and Exchange Commission.

About Invesco Nasdaq Free Cash Flow Achievers ETF

The Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is an exchange-traded fund that is based on the Nasdaq US Free Cash Flow Achievers index. The fund is passively managed, tracking an index composed of US-listed companies that are perceived to have strong free cash flow and show consistent growth. QOWZ was launched on Dec 6, 2023 and is issued by Invesco.