• Source: Invesco QQQ

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. QQQ tracks the performance of the Nasdaq-100.




History


QQQ began trading in 1999. Price of shares declined more than 80% due to the collapse of the Dot-com bubble. The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011. The fund reached a record high on 4 June 2020. Invesco offers several other ETFs related to Invesco QQQ. QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors.
In July 2023, the fund had $5.3 billion in inflows. Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.




Assets and structure






= Assets

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




= Structure

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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.




References






External links


Official website

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• Invesco QQQ
• Invesco QQQ Championship
• QQQ (disambiguation)
• Nasdaq-100
• QQQQ
• Invesco PowerShares
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• Colin Montgomerie