Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading 1.1% Higher – Time to Buy?

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) shot up 1.1% during mid-day trading on Wednesday . The company traded as high as $33.72 and last traded at $33.72. 783 shares were traded during trading, a decline of 57% from the average session volume of 1,808 shares. The stock had previously closed at $33.34.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

The business has a fifty day moving average of $35.12 and a 200 day moving average of $35.75. The stock has a market cap of $13.49 million, a PE ratio of 36.92 and a beta of 1.12.

Invesco Nasdaq Free Cash Flow Achievers 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 given a dividend of $0.0181 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.2%.

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 position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the 4th quarter, according to its most recent Form 13F 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 approximately 1.92% of Invesco Nasdaq Free Cash Flow Achievers ETF at the end of the most recent reporting period.

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.