Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading Down 0.2% – Here’s Why

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) shares dropped 0.2% on Thursday . The stock traded as low as $32.22 and last traded at $32.22. Approximately 1,293 shares were traded during trading, a decline of 47% from the average daily volume of 2,458 shares. The stock had previously closed at $32.30.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Down 1.1%

The stock has a 50 day simple moving average of $34.15 and a 200 day simple moving average of $35.42. The company has a market capitalization of $12.76 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.0181 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.07 dividend on an annualized basis and a yield of 0.2%. This is an increase from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02.

Institutional Investors Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC purchased a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned about 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent filing with the Securities & 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.