Invesco Top QQQ ETF (NASDAQ:QBIG) Trading Up 0.1% – Still a Buy?

Shares of Invesco Top QQQ ETF (NASDAQ:QBIG) shot up 0.1% during trading on Monday . The stock traded as high as $38.21 and last traded at $38.05. 4,182 shares were traded during mid-day trading, a decline of 59% from the average session volume of 10,161 shares. The stock had previously closed at $38.03.

Invesco Top QQQ ETF Stock Performance

The company has a market cap of $43.76 million, a price-to-earnings ratio of 36.25 and a beta of 1.59. The company’s 50 day moving average price is $38.58 and its 200 day moving average price is $37.54.

Hedge Funds Weigh In On Invesco Top QQQ ETF

Several institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in shares of 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 worth $676,000 after buying an additional 404 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Invesco Top QQQ ETF by 10.0% in the 2nd quarter. Jane Street Group LLC now owns 21,705 shares of the company’s stock valued at $709,000 after acquiring an additional 1,975 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco Top QQQ ETF by 3,833.0% in the 2nd 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. Finally, Financial & Tax Architects LLC acquired a new stake in Invesco Top QQQ ETF in the 4th quarter worth approximately $275,000.

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.