The Invesco NASDAQ 100 ETF (QQQM) experienced a week-over-week inflow of approximately $1.7 billion, marking a 1.7% increase in outstanding units from 344,120,000 to 349,840,000. This surge in investment highlights growing interest in the ETF, which includes major components like Tesla Inc. (TSLA), down 0.8%, Walmart Inc. (WMT), down 0.5%, and Applied Materials, Inc. (AMAT), up 4.2%.
Currently, QQQM’s share price is trading at $301.40, situated between a 52-week low of $228.75 and a high of $308.21. The increase in shares outstanding signals potential shifts in the underlying holdings as the ETF adjusts to heightened investor demand.
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