Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Stock Falls 1.1% – Here’s What Happened

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS)’s stock price dropped 1.1% during trading on Thursday. The stock traded as low as $41.27 and last traded at $41.5860. 5,422 shares were traded during trading, a decline of 20% from the average daily volume of 6,808 shares. The stock had previously closed at $42.03.

Invesco Nasdaq Future Gen 200 ETF Price Performance

The stock has a fifty day simple moving average of $43.72 and a two-hundred day simple moving average of $41.70.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Invesco Nasdaq Future Gen 200 ETF stock. Envestnet Asset Management Inc. increased its stake in shares of Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) by 17.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,709 shares of the company’s stock after purchasing an additional 1,866 shares during the quarter. Envestnet Asset Management Inc. owned approximately 2.40% of Invesco Nasdaq Future Gen 200 ETF worth $566,000 as of its most recent filing with the SEC.

About Invesco Nasdaq Future Gen 200 ETF

The Invesco NASDAQ Future Gen 200 ETF (QQQS) is an exchange-traded fund that is based on the Nasdaq Innovators Completion Cap index. The fund tracks an equal-weighted index of 200 NASDAQ-listed stocks selected based on the value of their patent portfolios. The portfolio excludes the largest 200 stocks listed on NASDAQ. QQQS was launched on Oct 13, 2022 and is managed by Invesco.