Invesco Top QQQ ETF (NASDAQ:QBIG) Stock Price Down 0.4% – What’s Next?

Shares of Invesco Top QQQ ETF (NASDAQ:QBIG) were down 0.4% during trading on Friday . The company traded as low as $37.88 and last traded at $37.88. Approximately 6,529 shares were traded during trading, a decline of 62% from the average daily volume of 17,259 shares. The stock had previously closed at $38.03.

Invesco Top QQQ ETF Stock Down 0.4%

The stock has a market cap of $35.99 million and a PE ratio of 36.25. The firm has a fifty day moving average of $36.13 and a 200 day moving average of $31.70.

Hedge Funds Weigh In On Invesco Top QQQ ETF

An institutional investor recently raised its position in Invesco Top QQQ ETF stock. Bank of America Corp DE grew its stake in shares of Invesco Top QQQ ETF (NASDAQ:QBIG) by 3,833.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,933 shares of the company’s stock after purchasing an additional 3,833 shares during the quarter. Bank of America Corp DE owned approximately 0.41% of Invesco Top QQQ ETF worth $129,000 as of its most recent filing with the Securities and Exchange Commission.

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.