Invesco NASDAQ 100 ETF Sees Notable Inflows This Week

Analyzing week-over-week changes in shares outstanding for ETFs, the Invesco NASDAQ 100 ETF (Symbol: QQQM) stands out. This week, it reported an inflow of approximately $656.1 million, reflecting a 1.6% increase in outstanding units, rising from 213,530,000 to 216,840,000. Key underlying components of QQQM include T-Mobile US Inc (Symbol: TMUS), which is down about 0.6%, Palantir Technologies Inc (Symbol: PLTR), seeing a significant drop of 12.1%, and Cisco Systems Inc (Symbol: CSCO), which is lower by about 0.2%. For a full list of holdings, please refer to the QQQM Holdings page.

The chart below illustrates the one-year price performance of QQQM against its 200-day moving average:

The QQQM’s 52-week low is $165.72 per share, while the high is $222.64. The most recent trading price is recorded at $199.02. Comparing this share price with the 200-day moving average serves as an essential technical analysis tool.

Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units.” These units can be traded freely, but can also be created or destroyed based on demand. Weekly monitoring of week-over-week changes in shares outstanding helps identify ETFs with significant inflows (indicating the creation of new units) or outflows (indicating the destruction of units). The creation of new units requires purchasing underlying holdings, while the destruction necessitates selling them, which can impact the individual components within ETFs.

For more insights on which other ETFs have experienced notable inflows, click here.

Also see:

• SAFE Dividend Stocks
• Top Ten Hedge Funds Holding LST
• PRTS Average Annual Return

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.