Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $33.05 and traded as high as $35.79. Invesco ESG NASDAQ 100 ETF shares last traded at $35.75, with a volume of 15,382 shares changing hands.

Invesco ESG NASDAQ 100 ETF Trading Up 1.2 %

The company has a market capitalization of $64.35 million, a price-to-earnings ratio of 37.67 and a beta of 1.22. The firm has a 50-day moving average price of $34.12 and a 200-day moving average price of $33.05.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

Several large investors have recently modified their holdings of QQMG. Stephens Consulting LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter worth $851,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco ESG NASDAQ 100 ETF during the 3rd quarter worth $545,000. Fingerlakes Wealth Management Inc. boosted its stake in shares of Invesco ESG NASDAQ 100 ETF by 115.2% during the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 23,742 shares of the company’s stock worth $786,000 after acquiring an additional 12,708 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of Invesco ESG NASDAQ 100 ETF by 38.3% during the 3rd quarter. Harbour Investments Inc. now owns 23,862 shares of the company’s stock worth $798,000 after acquiring an additional 6,610 shares in the last quarter. Finally, Fermata Advisors LLC boosted its stake in shares of Invesco ESG NASDAQ 100 ETF by 64.1% during the 2nd quarter. Fermata Advisors LLC now owns 11,907 shares of the company’s stock worth $394,000 after acquiring an additional 4,651 shares in the last quarter.

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.