Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading Down 3.2% – Here’s Why

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ)’s share 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 traded 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 Price Performance

The business’s 50 day simple moving average is $35.80 and its 200 day simple moving average is $36.00. The company 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.0181 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.07 annualized dividend and a yield of 0.2%. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC acquired a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 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 at the end of the most recent reporting period.

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.