Invesco QQQ Sees Significant Week-Over-Week Inflows
A Closer Look at ETF Changes and Major Players
In the latest week, the Invesco QQQ (Symbol: QQQ) has attracted attention with an inflow of approximately $3.6 billion. This marks a 1.2% week-over-week increase in its outstanding units, rising from 599,400,000 to 606,650,000. Among the largest holdings in QQQ, today’s trading shows Meta Platforms Inc (Symbol: META) down about 0.7%, Tesla Inc (Symbol: TSLA) decreasing by about 1%, while Costco Wholesale Corp (Symbol: COST) is up roughly 0.9%. For a complete list of QQQ’s holdings, check out the QQQ Holdings page.
The accompanying chart illustrates QQQ’s price performance over the past year against its 200-day moving average:
Examining the chart, QQQ’s 52-week low stands at $342.35 per share, while the high reaches $503.52. The most recent trading price is $493.06. Evaluating the recent share price in comparison to the 200-day moving average can provide valuable insights into market trends.
Exchange traded funds (ETFs) operate similarly to stocks. However, instead of buying and selling “shares,” investors trade “units”. These units can be easily bought and sold, and can also be created or destroyed based on investor demand. Our week-over-week monitoring of changes in shares outstanding highlights ETFs that experience substantial inflows—indicative of new units being created—or outflows, where existing units are reduced. Creating new units necessitates purchasing the underlying assets of the ETF, while redeeming units means selling off those holdings, potentially influencing the individual stocks within the ETF.
Click here to explore which other 9 ETFs experienced notable inflows »
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The views and opinions expressed herein are solely those of the author and do not necessarily represent those of Nasdaq, Inc.
