Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Stock Price Up 0.4% – Should You Buy?

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) shot up 0.4% on Friday . The company traded as high as $50.45 and last traded at $50.41. Approximately 7,138 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 25,480 shares. The stock had previously closed at $50.20.

Invesco ESG NASDAQ 100 ETF Trading Up 0.4%

The stock has a 50 day simple moving average of $49.74 and a 200 day simple moving average of $44.77. The firm has a market capitalization of $211.72 million, a PE ratio of 34.79 and a beta of 1.23.

Invesco ESG NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.0507 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in shares of Invesco ESG NASDAQ 100 ETF in the second quarter worth about $268,000. Bank of America Corp DE raised its position in Invesco ESG NASDAQ 100 ETF by 2.0% during the 2nd quarter. Bank of America Corp DE now owns 18,500 shares of the company’s stock valued at $700,000 after purchasing an additional 360 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Invesco ESG NASDAQ 100 ETF by 108.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,237 shares of the company’s stock worth $728,000 after buying an additional 10,024 shares during the period. Orion Porfolio Solutions LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF in the 3rd quarter worth approximately $327,000. Finally, Two Sigma Investments LP grew its position in shares of Invesco ESG NASDAQ 100 ETF by 58.5% in the 3rd quarter. Two Sigma Investments LP now owns 30,200 shares of the company’s stock worth $1,248,000 after buying an additional 11,144 shares during the last quarter.

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.