Invesco Top QQQ ETF (NASDAQ:QBIG) Stock Price Up 0.6% – What’s Next?

Invesco Top QQQ ETF (NASDAQ:QBIG)’s share price shot up 0.6% during trading on Wednesday . The company traded as high as $38.73 and last traded at $38.46. 6,126 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 6,232 shares. The stock had previously closed at $38.24.

Invesco Top QQQ ETF Trading Up 0.6%

The business’s fifty day simple moving average is $38.90 and its 200-day simple moving average is $36.83. The firm has a market cap of $42.31 million, a P/E ratio of 36.25 and a beta of 1.59.

Hedge Funds Weigh In On Invesco Top QQQ ETF

A number of institutional investors and hedge funds have recently made changes to their positions in QBIG. Jane Street Group LLC grew its stake in shares of Invesco Top QQQ ETF by 10.0% in the second quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock worth $709,000 after acquiring an additional 1,975 shares during the last quarter. Bank of America Corp DE increased its stake in 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 valued at $129,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in Invesco Top QQQ ETF in the third quarter worth about $648,000.

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.