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Invesco QQQ

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Exchange-traded fund This article is about the exchange-traded fund. For other uses, see QQQ (disambiguation).

Invesco QQQ (best known by its ticker symbol, QQQ; full fund name Invesco QQQ Trust, Series 1), is an exchange-traded fund created by Invesco PowerShares. QQQ tracks the performance of the Nasdaq-100.

The performance of the Nasdaq-100 Index, which QQQ tracks, from 1985 to 2015

History

QQQ began trading in 1999. Price of shares declined more than 80% due to the collapse of the Dot-com bubble. The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011. The fund reached a record high on 4 June 2020. Invesco offers several other ETFs related to Invesco QQQ. QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors.

In July 2023, the fund had $5.3 billion in inflows. Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.

Assets and structure

Assets

As of August 2023, the fund had $200 billion in assets under management, and among its top holdings were Apple, Microsoft, and Amazon.

Structure

A portion of the fund's assets under management is charged to investors as a fee (currently 0.20% per annum), a portion of which is used to purchase advertising for the fund.

References

  1. ^ Greifeld, Katherine (17 August 2023). "The Legendary, Wildly Profitable QQQ Fund Makes No Money for Its Owner". Bloomberg.com. Retrieved 17 August 2023.
  2. Norris, Floyd (18 December 2001). "THE MARKETS: Market Place; When Failure Paves the Way For Success (Published 2001)". The New York Times. Retrieved 18 August 2023.
  3. Jack, Pitcher (14 February 2024). "What One ETF From the Dot-Com Era Can Tell Us About Tech Investing Now". The Wall Street Journal. Retrieved 20 August 2024.
  4. Goldsborough, Robert (23 March 2011). "PowerShares Changes Ticker Symbol of Tech-Heavy QQQ ETF". Morningstar, Inc. Retrieved 20 August 2023.
  5. Sommer, Jeff (5 June 2020). "Why the Stock Market Just Doesn't Care (Published 2020)". The New York Times. Retrieved 18 August 2023.
  6. ^ Wursthorn, Michael (13 October 2020). "Invesco to Launch Four New Funds Tied to Flagship QQQ Tech ETF". The Wall Street Journal. Retrieved 20 August 2024.
  7. Morris, Joe (7 August 2023). "Nasdaq rebalancing prompts huge flows to Invesco ETFs". The Financial Times. Retrieved 17 August 2023.
  8. Watts, William (14 August 2023). "'Big Short' trader Michael Burry loaded up on bearish options in second quarter, filing shows". MarketWatch. Retrieved 17 August 2023.
  9. Wallerstein, Eric (4 August 2023). "Tech Options Bets Soar to New Heights". The Wall Street Journal. Retrieved 17 August 2023.
  10. Burger, Dani (8 February 2017). "Where Do SPDR Fees Go? Check the Madison Square Garden Ice". Bloomberg. Retrieved 17 August 2023.

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