Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Trading Down 0.1% – Should You Sell?

Shares of Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) dropped 0.1% on Thursday . The company traded as low as $41.18 and last traded at $41.64. Approximately 16,730 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 31,187 shares. The stock had previously closed at $41.70.

Invesco ESG NASDAQ 100 ETF Price Performance

The firm has a market cap of $174.89 million, a P/E ratio of 34.79 and a beta of 1.19. The company has a fifty day moving average of $42.22 and a 200-day moving average of $41.74.

Invesco ESG NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.0447 dividend. This is an increase from Invesco ESG NASDAQ 100 ETF’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QQMG. Federation des caisses Desjardins du Quebec purchased a new stake in Invesco ESG NASDAQ 100 ETF in the 4th quarter valued at about $41,000. CWM LLC bought a new position in shares of Invesco ESG NASDAQ 100 ETF in the third quarter valued at approximately $48,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of Invesco ESG NASDAQ 100 ETF during the fourth quarter valued at approximately $57,000. AE Wealth Management LLC lifted its holdings in Invesco ESG NASDAQ 100 ETF by 191.6% during the third quarter. AE Wealth Management LLC now owns 2,283 shares of the company’s stock worth $94,000 after acquiring an additional 1,500 shares during the period. Finally, KFA Private Wealth Group LLC bought a new stake in Invesco ESG NASDAQ 100 ETF during the fourth quarter worth $206,000.

About Invesco ESG NASDAQ 100 ETF

The Invesco ESG NASDAQ 100 ETF (QQMG) is an exchange-traded fund that is based on the NASDAQ-100 ESG index. The fund tracks an index of NASDAQ-100 stocks screened and weighted based on various environmental, social, and governance criteria. QQMG was launched on Oct 27, 2021 and is managed by Invesco.