Invesco Top QQQ ETF (NASDAQ:QBIG) Trading 2.4% Higher – What’s Next?

Invesco Top QQQ ETF (NASDAQ:QBIG)’s share price was up 2.4% on Monday . The stock traded as high as $41.25 and last traded at $41.21. 1,874 shares were traded during trading, a decline of 74% from the average daily volume of 7,314 shares. The stock had previously closed at $40.25.

Invesco Top QQQ ETF Trading Down 0.1%

The stock has a market cap of $35.56 million, a PE ratio of 36.25 and a beta of 1.75. The business has a fifty day simple moving average of $39.90 and a two-hundred day simple moving average of $38.38.

Institutional Investors Weigh In On Invesco Top QQQ ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QBIG. ATX Financial Planning LLC purchased a new position in Invesco Top QQQ ETF during the fourth quarter valued at $1,344,000. Bank of America Corp DE grew its position in shares of Invesco Top QQQ ETF by 3,833.0% in 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 period. Jane Street Group LLC grew its position in shares of Invesco Top QQQ ETF by 11.9% in the 1st quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock worth $521,000 after buying an additional 2,103 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Invesco Top QQQ ETF by 2.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock worth $676,000 after acquiring an additional 404 shares in the last quarter.

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.