Invesco Top QQQ ETF (NASDAQ:QBIG) Stock Falls 2.2% – Here’s Why

Invesco Top QQQ ETF (NASDAQ:QBIG – Get Free Report) was down 2.2% during trading on Friday. The stock traded as low as $39.69 and last traded at $40.14. 8,644 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 6,018 shares. The stock had previously closed at $41.05.

Invesco Top QQQ ETF Price Performance

The stock has a market cap of $32.11 million, a price-to-earnings ratio of 36.25 and a beta of 1.70. The business has a fifty day moving average of $41.80 and a 200 day moving average of $39.43.

Institutional Trading of Invesco Top QQQ ETF

Large investors have recently added to or reduced their stakes in the business. ATX Financial Planning LLC raised its holdings in shares of Invesco Top QQQ ETF by 17.6% during the 1st quarter. ATX Financial Planning LLC now owns 41,084 shares of the company’s stock valued at $1,400,000 after purchasing an additional 6,158 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Invesco Top QQQ ETF in the 2nd quarter valued at $868,000. Finally, Polaris Financial Partners acquired a new stake in shares of Invesco Top QQQ ETF in the 3rd quarter valued at $406,000.

About Invesco Top QQQ ETF

(Get Free Report)

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.

Further Reading

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