Invesco QQQ Sees Significant Investor Activity with $5.3 Billion Inflow

Outstanding Units Increase Signals Growing Interest

Today, ETF Channel reports a notable uptick in shares for the Invesco QQQ (Symbol: QQQ), marking a remarkable inflow of approximately $5.3 billion. This represents a 1.7% week-over-week increase in outstanding units, rising from 599,800,000 to 610,150,000. Among QQQ’s major components, shares of Amazon.com Inc (Symbol: AMZN) fell by about 2.9%, Meta Platforms Inc (Symbol: META) decreased by 2.3%, while Tesla Inc (Symbol: TSLA) experienced a rise of about 1%. For further details on holdings, please visit the QQQ Holdings page »

The following chart illustrates QQQ’s performance over the past year in comparison to its 200-day moving average:

The chart indicates that QQQ’s lowest price over the past year was $382.66 per share, whereas its highest point reached $515.58. The most recent trading price stands at $498.96. Analyzing this latest price against the 200-day moving average can serve as an effective tool for technical analysis—learn more about the 200-day moving average here ».

Exchange-traded funds (ETFs) operate like stocks, but investors buy and sell “units” instead of “shares.” These units can be traded just like stocks, but they are also subject to creation or destruction based on demand. Each week, we observe the changes in outstanding units to identify ETFs with notable inflows, indicating a creation of new units, or outflows, pointing to the destruction of units. Creation of new units means that the underlying assets of the ETF must be bought, while unit destruction requires selling existing underlying assets. Thus, significant flows can influence the individual stocks held within ETFs.

Explore which 9 other ETFs experienced significant inflows »

Also consider:

• CURE Options Chain
• Institutional Holders of TBLT
• Top Ten Hedge Funds Holding DEMZ

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.