Invesco QQQ Trust Sees $5.8 Billion Inflow: A Closer Look at ETF Trends
Recent Performance Highlights Major Tech Players
In the latest week-over-week analysis of shares outstanding among ETFs, the Invesco QQQ Trust (Symbol: QQQ) emerged as a notable contender with an inflow of approximately $5.8 billion. This surge represents a 1.8% increase in the trust’s outstanding units, rising from 612,800,000 to 623,950,000. Significant movements in the tech sector contributed to this momentum, as key holdings like Amazon.com Inc (Symbol: AMZN) and Tesla Inc (Symbol: TSLA) both experienced a 1.4% rise, while Meta Platforms Inc (Symbol: META) saw an increase of about 1.1%. For a detailed list of holdings, you can visit the QQQ Holdings page »
Price Performance in Perspective
The chart below illustrates the one-year price performance of QQQ against its 200-day moving average:
Over the past year, QQQ’s share price ranged from a low of $397.8399 to a high of $539.15, with the most recent trade recorded at $527.50. Comparing this current price with the 200-day moving average provides valuable insight for technical analysts.
Understanding ETF Mechanics
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade in “units” rather than shares. These units can be bought and sold like stocks, but they can also be created or destroyed based on investor demand. Each week, we analyze the changes in outstanding shares to spot ETFs with significant inflows or outflows. When new units are created, the underlying assets of the ETF are purchased, while the destruction of units involves selling these underlying assets. Thus, substantial inflows or outflows can significantly affect the individual components within an ETF.
Click here to find out which 9 other ETFs had notable inflows »
Related Resources:
- Dividend Channel
- AMZ Historical Stock Prices
- TDOC Shares Outstanding History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
