The Invesco NASDAQ 100 ETF (QQQM) reported a significant inflow of approximately $380.8 million, marking a 0.4% week-over-week increase in outstanding units from 354,850,000 to 356,140,000. This data reflects trading activity as of this week, attributed to a rise in key components such as Alphabet Inc (GOOGL) and Alphabet Inc (GOOG), which are up by 0.9% and 0.8%, respectively, while Tesla Inc (TSLA) is down by 0.3%.
In terms of performance, QQQM’s 52-week range has been between $228.75 and $308.21, with the last trade price noted at $295.18. The ETF’s current share price is being analyzed in relation to its 200-day moving average, a common technical analysis method.
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