Invesco NASDAQ 100 ETF Faces Significant Outflow of $1.3 Billion
In the latest update from ETF Channel, the Invesco NASDAQ 100 ETF (Symbol: QQQM) has seen a notable outflow of approximately $1.3 billion. This represents a decrease of 3.3% in shares outstanding, dropping from 190,640,000 to 184,380,000. Among the top holdings within QQQM, T-Mobile US Inc. (Symbol: TMUS) has fallen about 0.3%, while PayPal Holdings Inc. (Symbol: PYPL) has risen by approximately 1.1%, and Charter Communications Inc. (Symbol: CHTR) has increased by around 1.5%. For a complete overview of QQQM’s holdings, visit the QQQM Holdings page. »
The following chart illustrates QQQM’s price performance over the past year in comparison to its 200-day moving average:
According to the chart, QQQM’s 52-week low is $162.74 per share and its high is $221.92. The most recent trade occurred at $211.08. Evaluating the current share price against the 200-day moving average can provide valuable insights for traders and investors — to learn more about this technique, explore the 200-day moving average. »
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” rather than “shares.” These units can be traded much like stocks and can be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that are experiencing significant inflows (new units created) or outflows (existing units destroyed). When new units are created, the ETF must purchase the underlying assets, while destroying units means selling those assets. Large cash flows can significantly impact the individual stocks held within these ETFs.
Click here to see which other 9 ETFs have drawn considerable outflows. »
Also see:
Institutional Holders of DHY
PICC YTD Return
Neogen Past Earnings
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
