Invesco QQQ
Invesco QQQ (best known by its ticker symbol, QQQ; full fund name Invesco QQQ Trust, Series 1), is an index exchange-traded fund created by Invesco PowerShares.[1] QQQ tracks the performance of the Nasdaq-100.
History
[edit | edit source]QQQ began trading in 1999.[1][2] Price of shares declined more than 80% due to the collapse of the Dot-com bubble.[3] The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011.[4] The fund reached a record high on 4 June 2020.[5] Invesco offers several other ETFs related to Invesco QQQ.[6] QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors.[6]
In July 2023, the fund had $5.3 billion in inflows.[7] Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.[8]
Assets and structure
[edit | edit source]Assets
[edit | edit source]As of August 2023, the fund had $200 billion in assets under management,[1] and among its top holdings were Apple, Microsoft, and Amazon.[9]
Structure
[edit | edit source]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.[10]
References
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External links
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