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From Wikipedia, the free encyclopedia
 


Invesco QQQ (best known by its ticker symbol, QQQ; full fund name Invesco QQQ Trust, Series 1), is an exchange-traded fund created by Invesco PowerShares.[1] QQQ tracks the performance of the Nasdaq-100.

The performance of the Nasdaq-100 Index, which QQQ tracks, from 1985 to 2015

History[edit]

QQQ began trading in 1999.[1][2] The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011.[3] The fund reached a record high on 4 June 2020.[4] In July 2023, the fund had $5.3 billion in inflows.[5] Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.[6]

Assets and structure[edit]

Assets[edit]

As of August 2023, the fund had $200 billion in assets under management,[1] and among its top holdings were Apple, Microsoft, and Amazon.[7]

Structure[edit]

A portion of the fund's assets under management is charged to investors as a fee (currently 0.20% per annum), a portion of which is used to purchase advertising for the fund.[8]

References[edit]

  1. ^ a b c Greifeld, Katherine (17 August 2023). "The Legendary, Wildly Profitable QQQ Fund Makes No Money for Its Owner". Bloomberg.com. Retrieved 17 August 2023.
  • ^ Norris, Floyd (18 December 2001). "THE MARKETS: Market Place; When Failure Paves the Way For Success (Published 2001)". The New York Times. Retrieved 18 August 2023.
  • ^ Goldsborough, Robert (23 March 2011). "PowerShares Changes Ticker Symbol of Tech-Heavy QQQ ETF". Morningstar, Inc. Retrieved 20 August 2023.
  • ^ Sommer, Jeff (5 June 2020). "Why the Stock Market Just Doesn't Care (Published 2020)". The New York Times. Retrieved 18 August 2023.
  • ^ Morris, Joe (7 August 2023). "Nasdaq rebalancing prompts huge flows to Invesco ETFs". The Financial Times. Retrieved 17 August 2023.
  • ^ Watts, William (14 August 2023). "'Big Short' trader Michael Burry loaded up on bearish options in second quarter, filing shows". MarketWatch. Retrieved 17 August 2023.
  • ^ Wallerstein, Eric (4 August 2023). "Tech Options Bets Soar to New Heights". The Wall Street Journal. Retrieved 17 August 2023.
  • ^ Burger, Dani (8 February 2017). "Where Do SPDR Fees Go? Check the Madison Square Garden Ice". Bloomberg. Retrieved 17 August 2023.
  • External links[edit]


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    This page was last edited on 12 April 2024, at 18:28 (UTC).

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