Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $40.03 and traded as high as $40.16. Invesco Nasdaq Future Gen 200 ETF shares last traded at $40.1310, with a volume of 1,060 shares traded.

Invesco Nasdaq Future Gen 200 ETF Trading Down 0.6%

The stock’s 50-day simple moving average is $42.44 and its two-hundred day simple moving average is $40.08.

Hedge Funds Weigh In On Invesco Nasdaq Future Gen 200 ETF

An institutional investor recently raised its stake in Invesco Nasdaq Future Gen 200 ETF stock. Envestnet Asset Management Inc. increased its holdings in shares of Invesco Nasdaq Future Gen 200 ETF (NASDAQ:QQQS) by 17.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,709 shares of the company’s stock after purchasing an additional 1,866 shares during the period. Envestnet Asset Management Inc. owned approximately 2.40% of Invesco Nasdaq Future Gen 200 ETF worth $566,000 at the end of the most recent reporting period.

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.