what is qqq

Invesco QQQ Trust (QQQ) is an exchange-traded fund (ETF) that tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks. It is one of the oldest and most actively traded ETFs, with a history dating back to 1999. Here's a detailed analysis: 1. **Investment Objective**: QQQ's investment objective is to track the performance of the NASDAQ-100 Index, which includes leading technology stocks and companies at the forefront of innovative themes shaping the economy. 2. **Performance**: As of July 24, 2024, QQQ experienced a percentage change of -3.59%. This indicates a recent decline in the value of the ETF. |Ticker|Name|last-price|last-change|Percentage Change|Date|code|market_code| |---|---|---|---|---|---|---|---| |QQQ.O|Invesco QQQ Trust|458.2700|-1.1028|-3.587|20240724|QQQ|185| 3. **Holdings**: The ETF is heavily concentrated in its top holdings, with Microsoft Corporation, Apple Inc., NVIDIA Corporation, and Amazon.com, Inc. accounting for 50.24% of the total assets. This concentration can lead to higher volatility compared to more diversified funds. |Ticker|Name|Date|code|market_code| |---|---|---|---|---| |QQQX.O|Nuveen Nasdaq 100 Dynamic Overwrite||QQQX|185| 4. **Expense Ratio**: QQQ has a low expense ratio of 0.20%, which is a cost advantage over many other ETFs and mutual funds. 5. **Market Position**: QQQ is the 2nd-most traded ETF in the US based on average daily volume traded, indicating its high liquidity and investor interest. Its 5-star Morningstar rating and strong performance over the past 15 years further underscore its popularity. 6. **Innovation Focus**: By investing in innovative companies across various sectors, QQQ aims to capitalize on long-term growth opportunities. This focus on innovation may help drive its performance over time. In conclusion, QQQ is a highly liquid and actively traded ETF that tracks a modified-market-cap-weighted index of NASDAQ-listed stocks, with a particular focus on technology and innovation. Its performance, holdings, and market position make it a popular choice for investors seeking exposure to the NASDAQ-100 Index and its constituent companies.