Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Trading Up 0.7% – Still a Buy?

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) shot up 0.7% during mid-day trading on Friday . The company traded as high as $48.45 and last traded at $48.03. Approximately 9,748 shares were traded during trading, a decline of 61% from the average daily volume of 24,781 shares. The stock had previously closed at $47.69.

Invesco ESG NASDAQ 100 ETF Stock Up 0.7%

The firm has a market cap of $194.52 million, a P/E ratio of 34.79 and a beta of 1.23. The firm’s 50-day simple moving average is $49.66 and its 200 day simple moving average is $45.36.

Invesco ESG NASDAQ 100 ETF Dividend Announcement

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

Institutional Trading of Invesco ESG NASDAQ 100 ETF

Several hedge funds have recently made changes to their positions in the company. Pearl Planning LLC bought a new position in shares of Invesco ESG NASDAQ 100 ETF during the 4th quarter worth $2,239,000. Federation des caisses Desjardins du Quebec purchased a new stake in Invesco ESG NASDAQ 100 ETF in the 4th quarter worth about $41,000. Cetera Investment Advisers raised its stake in Invesco ESG NASDAQ 100 ETF by 3.2% in the 1st quarter. Cetera Investment Advisers now owns 8,569 shares of the company’s stock valued at $339,000 after acquiring an additional 266 shares during the period. NewEdge Advisors LLC bought a new stake in Invesco ESG NASDAQ 100 ETF in the 1st quarter valued at about $1,399,000. Finally, Dynamic Advisor Solutions LLC boosted its position in Invesco ESG NASDAQ 100 ETF by 4.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 23,429 shares of the company’s stock worth $1,200,000 after purchasing an additional 1,036 shares during the period.

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.