Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Share Price Breaks Above 200 Day Moving Average – Time to Sell?

Shares of Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $47.16 and traded as high as $48.18. Invesco ESG NASDAQ 100 ETF shares last traded at $47.79, with a volume of 13,063 shares changing hands.

Invesco ESG NASDAQ 100 ETF Price Performance

The firm has a market capitalization of $206.67 million, a PE ratio of 26.44 and a beta of 1.25. The firm has a 50-day simple moving average of $50.00 and a 200-day simple moving average of $47.20.

Hedge Funds Weigh In On Invesco ESG NASDAQ 100 ETF

Several institutional investors have recently made changes to their positions in the business. KFA Private Wealth Group LLC purchased a new position in shares of Invesco ESG NASDAQ 100 ETF in the second quarter worth approximately $249,000. Focused Wealth Management Inc grew its position in Invesco ESG NASDAQ 100 ETF by 18.5% during the third quarter. Focused Wealth Management Inc now owns 5,058 shares of the company’s stock valued at $262,000 after buying an additional 789 shares during the period. Private Advisor Group LLC bought a new stake in Invesco ESG NASDAQ 100 ETF during the third quarter valued at approximately $275,000. Kestra Advisory Services LLC increased its holdings in Invesco ESG NASDAQ 100 ETF by 27.4% during the first quarter. Kestra Advisory Services LLC now owns 7,783 shares of the company’s stock valued at $308,000 after buying an additional 1,674 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Invesco ESG NASDAQ 100 ETF by 3.2% during the first quarter. Cetera Investment Advisers now owns 8,569 shares of the company’s stock valued at $339,000 after buying an additional 266 shares during the last quarter.

Invesco ESG NASDAQ 100 ETF Company Profile

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.