Invesco NASDAQ 100 ETF Sees Notable Inflows of $395.2 Million
Weekly Overview of ETF Changes
In the latest week, the Invesco NASDAQ 100 ETF (Symbol: QQQM) has recorded a significant inflow of approximately $395.2 million. This represents a 1.1% increase in its outstanding units, rising from 170,210,000 to 172,080,000. Among the key holdings in QQQM, Broadcom Inc (Symbol: AVGO) is down about 0.5%, T-Mobile US Inc (Symbol: TMUS) has increased by approximately 2.1%, while Advanced Micro Devices Inc (Symbol: AMD) remains relatively stable. For a detailed list of holdings, please visit the QQQM Holdings page »
Price Performance Insights
The chart below illustrates QQQM’s performance over the last year compared to its 200-day moving average:
In examining the price range, QQQM’s lowest point in the past 52 weeks was $152.05 per share, while its highest point reached $211.675. The most recent trade price stands at $211.24. Assessing the current share price against the 200-day moving average can also provide valuable insights into market trends — learn more about the 200-day moving average ».
Understanding ETF Units
Investors should note that exchange-traded funds (ETFs) function similarly to stocks; however, instead of buying and selling “shares,” they trade “units.” These units can fluctuate just like stocks but can also be created or destroyed based on investor demand. Weekly monitoring of changes in outstanding units helps identify ETFs with significant inflows (indicating new units created) or outflows (interrogating the destruction of existing units). When new units are created, it typically means that the ETF must purchase the underlying holdings, whereas destroying units involves selling those holdings. Therefore, large inflows or outflows can influence the individual stocks within an ETF.
Click here to discover 9 other ETFs with significant inflows »
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- 10 Dow Components Hedge Funds Are Selling
- General Mills 13F Filers
- AFSI Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
