Invesco QQQ Experiences $2.5 Billion Outflow This Week

Recent data from ETF Channel highlights significant changes in shares outstanding for various ETFs. One noteworthy example is the Invesco QQQ Trust (Symbol: QQQ), which recorded an outflow of approximately $2.5 billion, marking a 0.8% decrease week-over-week, reducing shares from 635,100,000 to 629,950,000. Within QQQ’s primary holdings, Adobe Inc (Symbol: ADBE) has increased by roughly 1.3%, while Amgen Inc (Symbol: AMGN) has dipped by about 1.4%. Advanced Micro Devices Inc (Symbol: AMD) has also seen a decrease of 0.5%. For detailed information, you can visit the QQQ Holdings page »

The chart below illustrates the one-year price performance of QQQ compared to its 200-day moving average:

According to the chart, QQQ’s lowest point in the past 52 weeks was $413.07 per share, with its highest at $540.81, contrasting with the latest trade at $492.06. Analyzing this most recent share price against the 200-day moving average can provide insights through technical analysis—learn more about the 200-day moving average ».

Exchange-Traded Funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” rather than “shares.” These units can be exchanged like stocks, yet they can also be created or destroyed to meet investor demand. Weekly, we review changes in shares outstanding data to identify ETFs with significant inflows—indicating new unit creation—or outflows—indicating a loss of old units. The creation of new units entails purchasing the ETF’s underlying holdings, while the destruction of units requires selling those holdings. Thus, substantial flows can impact the individual components within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows »

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