Invesco NASDAQ 100 ETF Sees Significant Inflow This Week
In the latest ETF Channel report, the Invesco NASDAQ 100 ETF (Symbol: QQQM) has caught attention due to a substantial inflow of approximately $427.6 million. This increase translates to a 1.1% rise in outstanding units, moving from 175,960,000 to 177,970,000. Notable stocks within QQQM include Broadcom Inc (Symbol: AVGO), which increased by about 2.2%, T-Mobile US Inc (Symbol: TMUS), down 0.6%, and Adobe Inc (Symbol: ADBE), rising by 4%. For additional details on investments, check out the QQQM Holdings page.
The chart below illustrates QQQM’s annual price performance compared to its 200-day moving average:
According to the chart, QQQM’s shares reached a 52-week low of $158.10 and peaked at $214.61, with the latest trade occurring at $214.60. Analyzing the current share price in relation to the 200-day moving average offers additional market insights—learn more about this technical analysis method.
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Exchange-traded funds (ETFs) operate like stocks; however, investors are trading “units” instead of traditional “shares.” These units can be easily traded among investors, and new units can be created or destroyed based on demand. Each week, we monitor changes in outstanding shares to identify ETFs experiencing significant inflows or outflows. When new units are created, it indicates that the ETF must acquire more underlying assets, while the deletion of units typically signifies a need to liquidate holdings. Consequently, these large movements can influence individual stocks within the ETFs.
Explore which other 9 ETFs encountered significant inflows »
Also see:
- MFNC Historical Stock Prices
- PSR Market Cap History
- VCYT Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
