Invesco QQQ Sees Significant Inflows as Tech Stocks Shift
Impressive $3.4 Billion Surge in ETFs This Week
In a recent analysis of ETF performance at ETF Channel, noteworthy changes have emerged for Invesco QQQ (Symbol: QQQ). This week, the ETF experienced an inflow of approximately $3.4 billion, marking a 1.1% week-over-week increase in outstanding units, rising from 614,600,000 to 621,200,000. Major holdings within QQQ, such as Tesla Inc (Symbol: TSLA), saw a decrease of about 1.6%. Similarly, Costco Wholesale Corp (Symbol: COST) dropped by 0.3%, and Cisco Systems Inc (Symbol: CSCO) fell by 0.1%. For a full list of QQQ’s holdings, check out the QQQ Holdings page »
The chart below provides a visual representation of QQQ’s price performance over the past year compared to its 200-day moving average:
Over the past year, QQQ’s price has fluctuated between a low of $382.66 and a high of $516.26, with the latest trade recorded at $514.61. Analyzing the current share price against the 200-day moving average can offer valuable technical insights — find out more about this analysis technique here ».
Tradeable like stocks, exchange traded funds (ETFs) allow investors to buy and sell “units” rather than “shares.” These units can be both traded and adjusted based on market demand. Each week, we track week-over-week changes in shares outstanding to identify ETFs with significant inflows (indicated by the creation of new units) or outflows (signified by the reduction of units). The creation of new units requires the acquisition of the ETF’s underlying assets, while unit reduction necessitates selling those assets, influencing the performance of individual components within the ETFs.
Click here to discover which nine other ETFs experienced notable inflows »
Additional Resources:
- 10 Components Hedge Funds Are Selling
- Top Ten Hedge Funds Holding TMNG
- Institutional Holders of XXCH
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
