Invesco Top QQQ ETF (NASDAQ:QBIG) Trading Down 0.1% – Should You Sell?

Shares of Invesco Top QQQ ETF (NASDAQ:QBIG) traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $41.98 and last traded at $42.13. 2,293 shares were traded during trading, a decline of 69% from the average session volume of 7,505 shares. The stock had previously closed at $42.17.

Invesco Top QQQ ETF Price Performance

The company’s 50-day moving average price is $37.97 and its 200-day moving average price is $37.96. The company has a market cap of $37.80 million, a P/E ratio of 36.25 and a beta of 1.71.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Invesco Top QQQ ETF by 3,833.0% during the second quarter. Bank of America Corp DE now owns 3,933 shares of the company’s stock worth $129,000 after purchasing an additional 3,833 shares during the last quarter. Financial & Tax Architects LLC acquired a new stake in Invesco Top QQQ ETF in the fourth quarter valued at $275,000. Jane Street Group LLC lifted its stake in Invesco Top QQQ ETF by 11.9% in the first quarter. Jane Street Group LLC now owns 19,730 shares of the company’s stock valued at $521,000 after acquiring an additional 2,103 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Invesco Top QQQ ETF by 2.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 17,561 shares of the company’s stock valued at $676,000 after acquiring an additional 404 shares during the last quarter. Finally, ATX Financial Planning LLC acquired a new stake in Invesco Top QQQ ETF in the fourth quarter valued at $1,344,000.

Invesco Top QQQ ETF Company Profile

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.