Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.88 and traded as high as $34.83. Invesco ESG NASDAQ 100 ETF shares last traded at $34.83, with a volume of 9,524 shares traded.

Invesco ESG NASDAQ 100 ETF Stock Performance

The company has a 50-day moving average of $33.89 and a 200 day moving average of $32.88. The firm has a market cap of $62.69 million, a P/E ratio of 37.67 and a beta of 1.22.

Invesco ESG NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.044 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.18 annualized dividend and a dividend yield of 0.51%.

Institutional Investors Weigh In On Invesco ESG NASDAQ 100 ETF

A number of hedge funds have recently made changes to their positions in QQMG. Fermata Advisors LLC raised its stake in shares of Invesco ESG NASDAQ 100 ETF by 64.1% in the second quarter. Fermata Advisors LLC now owns 11,907 shares of the company’s stock valued at $394,000 after acquiring an additional 4,651 shares during the last quarter. Harbour Investments Inc. lifted its holdings in 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 buying an additional 6,610 shares in the last quarter. Prism Advisors Inc. lifted its holdings in Invesco ESG NASDAQ 100 ETF by 15.5% during the 3rd quarter. Prism Advisors Inc. now owns 19,050 shares of the company’s stock worth $637,000 after buying an additional 2,556 shares in the last quarter. Fingerlakes Wealth Management Inc. increased its stake in shares of Invesco ESG NASDAQ 100 ETF by 115.2% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 23,742 shares of the company’s stock valued at $786,000 after buying an additional 12,708 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco ESG NASDAQ 100 ETF during the third quarter valued at $545,000.

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.