Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) Stock Falls 3.1% – Should You Sell?

Invesco ESG NASDAQ 100 ETF (NASDAQ:QQMG) shares were down 3.1% during trading on Thursday. The stock traded as low as $48.85 and last traded at $48.85. 24,024 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 22,763 shares. The stock had previously closed at $50.42.

Invesco ESG NASDAQ 100 ETF Stock Up 0.0%

The company’s 50 day simple moving average is $50.59 and its two-hundred day simple moving average is $49.16. The company has a market capitalization of $210.70 million, a price-to-earnings ratio of 34.79 and a beta of 1.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Invesco ESG NASDAQ 100 ETF by 6.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 81,810 shares of the company’s stock worth $4,191,000 after acquiring an additional 5,167 shares in the last quarter. Pearl Planning LLC increased its stake in shares of Invesco ESG NASDAQ 100 ETF by 7.8% in the 1st quarter. Pearl Planning LLC now owns 56,942 shares of the company’s stock valued at $2,252,000 after purchasing an additional 4,105 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco ESG NASDAQ 100 ETF by 6.5% in the 2nd quarter. NewEdge Advisors LLC now owns 37,651 shares of the company’s stock valued at $1,929,000 after purchasing an additional 2,289 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its holdings in Invesco ESG NASDAQ 100 ETF by 46.2% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 24,972 shares of the company’s stock worth $1,294,000 after purchasing an additional 7,890 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in Invesco ESG NASDAQ 100 ETF by 4.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 23,429 shares of the company’s stock worth $1,200,000 after purchasing an additional 1,036 shares during the period.

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.