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.
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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.
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]
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]
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]
The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an aggregate market cap of more than $43 trillion as of January 2024.
The Tel Aviv Stock Exchange is Israel's only public stock exchange and a public company that has been traded on the Tel-Aviv Stock Exchange since August 1, 2019. Legally, the exchange is regulated by the Securities Law (1968), and is under the direct supervision of the Israel Securities Authority (ISA).
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Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross & Co and Powershares brand names.
QQQ is an Australian television station broadcasting in remote eastern, southern and central areas of Australia.
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Invesco PowerShares is an American boutique investment management firm based near Chicago which manages a family of exchange-traded funds or ETFs. The company has been part of Invesco, which markets the PowerShares product, since 2006.
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