Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Trading Down 0.1% – Should You Sell?

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) fell 0.1% during mid-day trading on Thursday . The stock traded as low as $41.18 and last traded at $41.64. 16,730 shares changed hands during trading, a decline of 46% from the average session volume of 31,187 shares. The stock had previously closed at $41.70.

Invesco ESG NASDAQ 100 ETF Trading Down 1.7%

The firm’s fifty day moving average is $42.18 and its 200 day moving average is $41.75. The stock has a market cap of $172.03 million, a P/E ratio of 34.79 and a beta of 1.19.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.0447 dividend. This is a boost from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Invesco ESG NASDAQ 100 ETF in the fourth quarter worth $22,373,000. Goldman Sachs Group Inc. bought a new stake in shares of Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at $22,162,000. Sand Hill Global Advisors LLC increased its position in shares of Invesco ESG NASDAQ 100 ETF by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 82,450 shares of the company’s stock valued at $3,119,000 after buying an additional 2,441 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Invesco ESG NASDAQ 100 ETF by 3.1% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 76,872 shares of the company’s stock worth $3,177,000 after buying an additional 2,329 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Invesco ESG NASDAQ 100 ETF by 64.4% during the second quarter. Osaic Holdings Inc. now owns 74,924 shares of the company’s stock worth $2,834,000 after acquiring an additional 29,358 shares in the last quarter.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.