Invesco Nasdaq Biotechnology ETF (NYSEARCA:IBBQ) Trading Up 1.6%

Invesco Nasdaq Biotechnology ETF (NYSEARCA:IBBQGet Rating) was up 1.6% on Wednesday . The company traded as high as $18.42 and last traded at $18.27. Approximately 3,976 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 23,512 shares. The stock had previously closed at $17.98.

The business’s 50-day moving average price is $18.67 and its two-hundred day moving average price is $20.48.

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in shares of Invesco Nasdaq Biotechnology ETF during the first quarter worth $1,940,000. Apexium Financial LP bought a new stake in shares of Invesco Nasdaq Biotechnology ETF during the fourth quarter worth $431,000. Capital Investment Advisory Services LLC bought a new stake in shares of Invesco Nasdaq Biotechnology ETF during the first quarter worth $197,000. Finally, UBS Group AG grew its stake in shares of Invesco Nasdaq Biotechnology ETF by 259.3% during the first quarter. UBS Group AG now owns 1,254 shares of the company’s stock worth $26,000 after buying an additional 905 shares during the last quarter.

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