Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading 2.4% Higher – Still a Buy?

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ)’s stock price rose 2.4% during mid-day trading on Monday . The stock traded as high as $32.58 and last traded at $32.58. Approximately 751 shares changed 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 Stock Up 2.4%

The stock has a market cap of $13.03 million, a price-to-earnings ratio of 36.92 and a beta of 1.15. The company’s 50-day moving average is $32.93 and its 200-day moving average is $34.89.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

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

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 purchased a new position in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 4th quarter, according to the company in its most recent Form 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 approximately 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF as of its most recent SEC filing.

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.