Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Stock Price Down 0.5% – Here’s What Happened

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) dropped 0.5% during trading on Wednesday . The company traded as low as $36.09 and last traded at $36.28. 124 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,429 shares. The stock had previously closed at $36.48.

Invesco Nasdaq Free Cash Flow Achievers ETF Trading Up 1.0%

The company has a market capitalization of $12.29 million, a PE ratio of 36.92 and a beta of 0.99. The business’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $34.27.

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 bought a new stake in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,068 shares of the company’s stock, valued at approximately $206,000. Concurrent Investment Advisors LLC owned about 1.78% of Invesco Nasdaq Free Cash Flow Achievers ETF at the end of the most recent reporting period.

About Invesco Nasdaq Free Cash Flow Achievers ETF

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.