Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Stock Price Down 0.1% – Here’s What Happened

Shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) were down 0.1% during trading on Wednesday. The stock traded as low as $37.86 and last traded at $37.91. Approximately 75 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 2,154 shares. The stock had previously closed at $37.95.

Invesco Nasdaq Free Cash Flow Achievers ETF Price Performance

The firm has a market cap of $10.31 million, a price-to-earnings ratio of 36.92 and a beta of 1.02. The firm’s fifty day moving average is $37.03 and its 200-day moving average is $34.81.

Hedge Funds Weigh In On Invesco Nasdaq Free Cash Flow Achievers ETF

An institutional investor recently bought a new position in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC purchased 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 disclosure with the SEC. The institutional investor purchased 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.