Invesco Top QQQ ETF (NASDAQ:QBIG) Stock Price Down 1% – Should You Sell?

Shares of Invesco Top QQQ ETF (NASDAQ:QBIG) dropped 1% on Wednesday . The company traded as low as $34.29 and last traded at $34.74. Approximately 8,355 shares traded hands during trading, a decline of 56% from the average daily volume of 18,947 shares. The stock had previously closed at $35.10.

Invesco Top QQQ ETF Stock Down 1.0%

The firm has a market capitalization of $33.00 million and a price-to-earnings ratio of 36.25. The business has a 50-day moving average of $33.49 and a two-hundred day moving average of $30.16.

Institutional Investors Weigh In On Invesco Top QQQ ETF

A hedge fund recently raised its stake in Invesco Top QQQ ETF stock. Bank of America Corp DE increased its position 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 & Exchange Commission. The institutional investor owned 3,933 shares of the company’s stock after buying an additional 3,833 shares during the quarter. Bank of America Corp DE owned 0.41% of Invesco Top QQQ ETF worth $129,000 at the end of the most recent 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.