Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.88 and traded as high as $34.83. Invesco ESG NASDAQ 100 ETF shares last traded at $34.83, with a volume of 9,524 shares changing hands.

Invesco ESG NASDAQ 100 ETF Trading Down 1.0 %

The stock has a 50 day simple moving average of $33.93 and a 200-day simple moving average of $32.90. The firm has a market capitalization of $62.09 million, a P/E ratio of 37.67 and a beta of 1.22.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.044 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 annualized dividend and a yield of 0.51%.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of hedge funds have recently modified their holdings of QQMG. Aptus Capital Advisors LLC lifted its position in Invesco ESG NASDAQ 100 ETF by 339.5% during the third quarter. Aptus Capital Advisors LLC now owns 879 shares of the company’s stock valued at $29,000 after purchasing an additional 679 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Invesco ESG NASDAQ 100 ETF in the 3rd quarter worth approximately $101,000. Astoria Portfolio Advisors LLC. purchased a new stake in Invesco ESG NASDAQ 100 ETF in the 2nd quarter worth approximately $323,000. Fermata Advisors LLC raised its stake in Invesco ESG NASDAQ 100 ETF by 64.1% during the 2nd quarter. Fermata Advisors LLC now owns 11,907 shares of the company’s stock worth $394,000 after acquiring an additional 4,651 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new position in Invesco ESG NASDAQ 100 ETF during the third quarter valued at approximately $545,000.

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.