Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading 2.4% Higher – Here’s Why

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) shares were up 2.4% on Monday . The company traded as high as $32.58 and last traded at $32.58. Approximately 751 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 2,218 shares. The stock had previously closed at $31.83.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

The stock’s 50 day simple moving average is $32.91 and its two-hundred day simple moving average is $34.86. The stock has a market cap of $13.14 million, a P/E ratio of 36.92 and a beta of 1.15.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.0226 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.09 dividend on an annualized basis and a yield of 0.3%.

Institutional Trading of Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC acquired a new position in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing.

Invesco Nasdaq Free Cash Flow Achievers ETF Company Profile

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.