Invesco Top QQQ ETF (NASDAQ:QBIG) Trading Down 0.2% – Here’s Why

Invesco Top QQQ ETF (NASDAQ:QBIG)’s stock price fell 0.2% during mid-day trading on Friday . The stock traded as low as $39.03 and last traded at $39.40. 17,986 shares were traded during mid-day trading, an increase of 142% from the average session volume of 7,422 shares. The stock had previously closed at $39.48.

Invesco Top QQQ ETF Trading Down 0.2%

The company has a market capitalization of $35.46 million, a P/E ratio of 36.25 and a beta of 1.69. The company has a 50 day moving average price of $39.99 and a 200 day moving average price of $38.22.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of Invesco Top QQQ ETF by 3,833.0% during the 2nd quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after buying an additional 3,833 shares during the last quarter. Financial & Tax Architects LLC acquired a new stake in Invesco Top QQQ ETF during the fourth quarter worth approximately $275,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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 worth $676,000 after acquiring an additional 404 shares during the period. Jane Street Group LLC boosted its holdings in shares of 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 worth $521,000 after acquiring an additional 2,103 shares during the period. Finally, ATX Financial Planning LLC acquired a new position in shares of Invesco Top QQQ ETF in the fourth quarter valued at approximately $1,344,000.

About Invesco Top QQQ ETF

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.