Invesco Top QQQ ETF (NASDAQ:QBIG) Trading 0.4% Higher – Still a Buy?

Invesco Top QQQ ETF (NASDAQ:QBIG)’s share price traded up 0.4% during trading on Tuesday . The stock traded as high as $40.73 and last traded at $40.73. Approximately 835 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 7,020 shares. The stock had previously closed at $40.57.

Invesco Top QQQ ETF Trading Up 2.3%

The firm has a market capitalization of $35.26 million, a PE ratio of 36.25 and a beta of 1.72. The company has a fifty day moving average price of $40.00 and a two-hundred day moving average price of $38.78.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Large investors have recently bought and sold shares of the company. C M Bidwell & Associates Ltd. acquired a new stake in Invesco Top QQQ ETF in the second quarter valued at $51,000. Bank of America Corp DE grew its position in shares of Invesco Top QQQ ETF by 3,833.0% in the second 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 during the last quarter. Jane Street Group LLC grew its holdings in Invesco Top QQQ ETF by 11.9% during the 1st 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 last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Invesco Top QQQ ETF during the 2nd quarter worth about $868,000. Finally, ATX Financial Planning LLC purchased a new stake in shares of Invesco Top QQQ ETF during the fourth quarter worth about $1,344,000.

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.