Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) Trading Up 0.2% – Time to Buy?

Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) shares were up 0.2% during mid-day trading on Tuesday . The stock traded as high as $33.15 and last traded at $33.14. Approximately 3,845 shares traded hands during trading, an increase of 57% from the average daily volume of 2,448 shares. The stock had previously closed at $33.07.

Invesco Nasdaq Free Cash Flow Achievers ETF Stock Up 0.2%

The company has a 50 day moving average of $32.80 and a 200-day moving average of $34.60. The stock has a market capitalization of $13.26 million, a P/E ratio of 36.92 and a beta of 0.98.

Invesco Nasdaq Free Cash Flow Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.0226 per share. This represents a $0.09 annualized dividend and a yield of 0.3%. This is a boost from Invesco Nasdaq Free Cash Flow Achievers ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, March 23rd.

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

A hedge fund recently bought a new stake in Invesco Nasdaq Free Cash Flow Achievers ETF stock. Concurrent Investment Advisors LLC acquired a new position in shares of Invesco Nasdaq Free Cash Flow Achievers ETF (NASDAQ:QOWZ) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 7,672 shares of the company’s stock, valued at approximately $275,000. Concurrent Investment Advisors LLC owned about 1.92% 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.