Invesco NASDAQ 100 ETF Sees Significant Inflows This Week
Investors are showing strong interest in the Invesco NASDAQ 100 ETF (Symbol: QQQM), with an influx of $178.6 million, marking a 0.5% increase in shares outstanding.
Recent Performance and Key Holdings
In the latest trading session, QQQM’s total outstanding units rose from 184,440,000 to 185,280,000. The main components include Linde PLC (Symbol: LIN), which has increased by about 0.5%, while PepsiCo Inc (Symbol: PEP) has dipped by 0.4% and Intuitive Surgical Inc (Symbol: ISRG) has declined by approximately 0.5%. For a detailed breakdown of its holdings, check the QQQM Holdings page.
The chart below illustrates QQQM’s price movement over the past year compared to its 200-day moving average:
Analyzing Price Trends
QQQM has experienced a price range over the last year with a low of $165.86 and a high of $221.92. The latest trade is at $212.47. Observing the latest price against the 200-day moving average provides insights into its market performance. Learn more about the importance of the 200-day moving average here.
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Exchange-traded funds (ETFs) function like stocks; however, investors buy and sell “units” instead of shares. These units can be created or removed based on demand. Each week, we analyze changes in outstanding shares to identify ETFs with notable inflows (suggesting new units are formed) or outflows (indicating units are being liquidated). The creation of new units requires the purchase of underlying securities, while the destruction of units necessitates selling them, which can influence individual stocks within the ETF.
Explore which 9 other ETFs have garnered notable inflows »
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