Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), today announces the 10-year anniversary of the PowerShares QQQ(TM) Portfolio (NASDAQ: QQQQ).
“Since trading began on March 10, 1999, the PowerShares QQQ(TM) has become one of the most actively traded securities in the world, fostering wide-scale acceptance of the ETF structure among institutions, traders and retail investors,” said Bruce Bond, president and CEO of Invesco PowerShares. “Today we are proudly celebrating with the NASDAQ OMX Group the success of this landmark ETF.”
PowerShares QQQ(TM) has maintained an average daily trading volume of over 92 million shares, making it the most traded equity security in the world since its inception.(1)
The PowerShares QQQ(TM), formerly known as “NASDAQ-100 Index Tracking Stock®,” is based on the NASDAQ-100 Index®. The Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The PowerShares QQQ(TM) represents companies across major industry groups such as information technology, healthcare, consumer discretionary and staples, industrials, materials and telecommunication services. The portfolio is rebalanced quarterly and reconstituted annually.
Effective March 21, 2007, The NASDAQ OMX Group, Inc. transferred sponsorship of QQQ to Invesco PowerShares Capital Management LLC, and the NASDAQ-100 Index Tracking Stock® was renamed PowerShares QQQ(TM). Today, PowerShares QQQ(TM) continues to track 100 of the largest, most innovative non-financial companies listed on The NASDAQ Stock Market.
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