Invesco QQQ Trust Sees $635 Million Outflow, Performance Under Review
Today, ETF Channel reports significant movements in shares for various exchange-traded funds (ETFs). A major highlight is the Invesco QQQ Trust (Symbol: QQQ), which experienced an outflow of approximately $635.1 million—marking a 0.2% decrease in shares outstanding, dropping from 630,250,000 to 629,050,000. In today’s trading, key components of QQQ are showing mixed results: Linde PLC (Symbol: LIN) is stable, PepsiCo Inc (Symbol: PEP) has declined by about 0.4%, while Comcast Corp (Symbol: CMCSA) is up by approximately 1%. For a full breakdown of its holdings, check the QQQ Holdings page.
Examining the chart above, QQQ’s lowest share price in the past year was $413.07, while its highest was $539.15. Its latest trade price stands at $528.68. Analysts often compare current prices to the 200-day moving average for technical insights—learn more about this technique for deeper analysis.
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of traditional shares. These units can be bought and sold like stocks, and they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with noteworthy inflows (indicating the creation of new units) or outflows (indicating the destruction of units). When new units are created, it necessitates purchasing the underlying assets, while destroying units can lead to the sale of those assets. As a result, significant flows can influence the stocks held within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
