Invesco Top QQQ ETF (NASDAQ:QBIG) Trading Down 0.1% – Here’s Why

Invesco Top QQQ ETF (NASDAQ:QBIG) shares were down 0.1% on Thursday . The stock traded as low as $41.98 and last traded at $42.13. Approximately 2,293 shares were traded during trading, a decline of 69% from the average daily volume of 7,505 shares. The stock had previously closed at $42.17.

Invesco Top QQQ ETF Stock Down 0.1%

The stock has a market capitalization of $37.92 million, a PE ratio of 36.25 and a beta of 1.71. The firm’s fifty day moving average price is $37.85 and its two-hundred day moving average price is $37.93.

Institutional Trading of Invesco Top QQQ ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QBIG. ATX Financial Planning LLC purchased a new stake in Invesco Top QQQ ETF during the fourth quarter valued at approximately $1,344,000. Financial & Tax Architects LLC bought a new position in shares of Invesco Top QQQ ETF during the fourth quarter worth $275,000. Bank of America Corp DE boosted its position in shares of Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after acquiring an additional 3,833 shares during the last quarter. Jane Street Group LLC raised its stake in Invesco Top QQQ ETF by 11.9% during the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after purchasing an additional 2,103 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Invesco Top QQQ ETF by 2.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock valued at $676,000 after purchasing an additional 404 shares in the last quarter.

Invesco Top QQQ ETF Company Profile

The Invesco Top QQQ ETF (QBIG) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide exposure to the top 45% of the Nasdaq-100 based on market cap. This is achieved through direct equity investment and utilizing total return swaps on the equities. QBIG was launched on Dec 4, 2024 and is issued by Invesco.