Shares of Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) traded up 0.7% on Friday . The company traded as high as $40.33 and last traded at $40.33. Approximately 438 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 7,206 shares. The stock had previously closed at $40.03.
Invesco Top QQQ ETF Price Performance
The stock has a market capitalization of $34.28 million, a PE ratio of 36.25 and a beta of 1.75. The company has a 50 day moving average price of $40.64 and a 200-day moving average price of $38.25.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. ATX Financial Planning LLC purchased a new stake in shares of Invesco Top QQQ ETF in the 4th quarter worth about $1,344,000. Financial & Tax Architects LLC bought a new stake in shares of Invesco Top QQQ ETF during the 4th quarter valued at about $275,000. Bank of America Corp DE increased 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 valued at $129,000 after buying an additional 3,833 shares during the period. Jane Street Group LLC increased its position 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 valued at $521,000 after buying an additional 2,103 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Invesco Top QQQ ETF by 2.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock worth $676,000 after buying 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.
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