“ETF Outflow Analysis: Insights on QQQ, BKNG, ADP, and GILD”

Published On: November 7, 2024 11:49 am

Invesco QQQ Sees $1.7 Billion Outflow in Latest Week

Significant Week-Over-Week Changes for Key ETFs

Observing the recent trends in exchange-traded funds (ETFs), the Invesco QQQ (Symbol: QQQ) stands out this week, registering an outflow of approximately $1.7 billion. This represents a 0.6% decrease in shares outstanding, falling from 603,150,000 to 599,800,000. Among QQQ’s top holdings, Booking Holdings Inc (Symbol: BKNG) decreased by about 1%, Automatic Data Processing Inc. (Symbol: ADP) dropped by around 0.4%, while Gilead Sciences Inc (Symbol: GILD) showed a notable gain of approximately 5.7%. For a detailed overview of the portfolio, visit the QQQ Holdings page.

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

Invesco QQQ 200 Day Moving Average Chart

Examining the chart, QQQ reached a 52-week low of $369.57 per share and a high of $511.35. The most recent trade price is $510.92. Evaluating the current share price against the 200-day moving average serves as an effective technical analysis strategy.

ETFs function similarly to stocks, but investors deal with “units” rather than “shares.” These units are tradable and can also be created or eliminated based on demand. Each week, we track the changes in shares outstanding to spot ETFs experiencing noteworthy inflows or outflows. The creation of new units necessitates purchasing the underlying assets, while the destruction of units involves selling those assets. Thus, large inflows or outflows can influence the individual stocks that make up these ETFs.

Click here to discover which 9 other ETFs had significant outflows this week.