Invesco NASDAQ 100 ETF Sees Significant Inflows This Week

QQQM Experiences $128.7 Million Boost in Outstanding Units

This week, the Invesco NASDAQ 100 ETF (Symbol: QQQM) is making headlines with a notable inflow of approximately $128.7 million. This influx represents a 0.4% week-over-week increase in the number of units outstanding, rising from 170,530,000 to 171,170,000. Among the largest holdings in QQQM, T-Mobile US Inc (Symbol: TMUS) saw an increase of about 4%. Intuitive Surgical Inc (Symbol: ISRG) rose by around 0.1%, while Texas Instruments Inc. (Symbol: TXN) gained about 2%. For a detailed look at all holdings, visit the QQQM Holdings page ».

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

Reviewing the chart, QQQM’s 52-week low stands at $140.84 per share, while its 52-week high hits $207.24. The latest share price sits at $202.08. Understanding how this current price compares to the 200-day moving average is a valuable aspect of technical analysis—learn more about the 200-day moving average ».

Exchange-traded funds (ETFs) function like stocks, but investors buy and sell “units” instead of shares. These units can be traded just like stocks and can also be created or destroyed based on investor demand. Each week, we analyze changes in the number of outstanding units to identify ETFs experiencing significant inflows or outflows. The creation of new units necessitates purchasing the underlying holdings, whereas the destruction of units requires selling those holdings. Therefore, substantial inflows or outflows can influence the individual securities within the ETFs.

Click here to discover which 9 other ETFs experienced notable inflows »

Also see:

• Stock MACD
• HAL Dividend Growth Rate
• Top Ten Hedge Funds Holding AURC

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