Invesco QQQ Trust Series I, Experiences a BIG Inflow

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November 15, 2018 11:54am NASDAQ:QQQ

From ETF Channel: Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $140.3 million dollar inflow 


That’s a 0.2% increase week over week in outstanding units (from 388,000,000 to 388,850,000). Among the largest underlying components of QQQ, in trading today NVIDIA Corp (Symbol: NVDA) is up about 1%, PayPal Holdings Inc (Symbol: PYPL) is up about 0.2%, and Broadcom Inc (Symbol: AVGO) is up by about 1.9%. For a complete list of holdings, visit the QQQ Holdings page »The chart below shows the one year price performance of QQQ, versus its 200 day moving average:

Looking at the chart above, QQQ’s low point in its 52 week range is $150.125 per share, with $187.53 as the 52 week high point — that compares with a last trade of $164.41. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average ».


The Invesco QQQ Trust Series I (QQQ) was trading at $165.62 per share on Thursday morning, up $0.42 (+0.25%). Year-to-date, QQQ has gained 6.50%, versus a 1.50% rise in the benchmark S&P 500 index during the same period.

QQQ currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 41 ETFs in the Large Cap Growth ETFs category.


This article is brought to you courtesy of ETF Channel.


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