Invesco Top QQQ ETF (NASDAQ:QBIG) Trading Down 0.4% – Here’s What Happened

Invesco Top QQQ ETF (NASDAQ:QBIG) was down 0.4% during mid-day trading on Friday . The stock traded as low as $37.88 and last traded at $37.88. Approximately 6,529 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 17,259 shares. The stock had previously closed at $38.03.

Invesco Top QQQ ETF Price Performance

The firm has a market capitalization of $35.99 million and a price-to-earnings ratio of 36.25. The firm has a 50 day moving average price of $36.13 and a 200-day moving average price of $31.70.

Institutional Trading of Invesco Top QQQ ETF

An institutional investor recently raised its position in Invesco Top QQQ ETF stock. Bank of America Corp DE raised its position in Invesco Top QQQ ETF (NASDAQ:QBIG) by 3,833.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,933 shares of the company’s stock after acquiring an additional 3,833 shares during the quarter. Bank of America Corp DE owned approximately 0.41% of Invesco Top QQQ ETF worth $129,000 as of its most recent SEC filing.

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.