Invesco NASDAQ 100 ETF Sees Significant Inflows Amid Market Movements
Looking at recent changes in shares outstanding among ETFs, the Invesco NASDAQ 100 ETF (Symbol: QQQM) has made headlines. This ETF experienced an inflow of approximately $294.5 million, marking a 0.8% increase in its outstanding units from 177,970,000 to 179,320,000 week over week. Key holdings in QQQM, including Adobe Inc (Symbol: ADBE), are facing some declines, with Adobe down about 12.4%. T-Mobile US Inc (Symbol: TMUS) is down approximately 1.2%, and Advanced Micro Devices Inc (Symbol: AMD) has decreased by about 0.1%. For further details, visit the QQQM Holdings page.
The chart below illustrates QQQM’s one-year price performance compared to its 200-day moving average:
Examining the chart, QQQM has a 52-week low of $162.74 per share, while its high reached $218.40. Its most recent trading price stands at $217.21. Comparing this latest price to the 200-day moving average can provide valuable insights for technical analysis—discover more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks, with the key difference being that investors buy and sell “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed to meet investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). The creation of new units usually indicates the need to buy the ETF’s underlying holdings, whereas destroying units suggests selling those holdings, leading to potential impacts on individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
