The Invesco QQQ Trust (QQQ) is an exchange-traded fund (ETF) that tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks1. Here are some key details about QQQ1:
- Investment Objective: QQQ aims to replicate the performance of the NASDAQ-100 Index, which is a benchmark for U.S. technology and innovation-driven stocks. This focus on technology and innovation reflects the ETF's emphasis on high-growth companies that are often at the forefront of market trends.
- Assets Under Management: As of the latest data, QQQ has an Assets Under Management (AUM) of $339.36 billion2. This substantial AUM indicates significant investor interest and market presence, making it a prominent player in the ETF space.
- Net Asset Value (NAV): The NAV of QQQ is $528.853. The NAV is the per-share price of an ETF's holdings, calculated by dividing the fund's AUM by the number of outstanding shares. A high NAV can suggest that the ETF is holding high-value assets or has a strong performance relative to its AUM.
- Market Representation: By tracking the NASDAQ-100, QQQ provides exposure to a diverse range of technology and innovation-driven stocks. This includes companies that are leaders in software, hardware, and other technology-related sectors, as well as those that are at the forefront of emerging technologies.
In summary, QQQ1 is a significant ETF that offers investors exposure to a basket of high-growth technology and innovation-driven stocks listed on NASDAQ. Its substantial AUM and high NAV reflect its strong market presence and performance, making it an attractive option for those seeking broad exposure to the technology sector.
6/5/2025 06:23pm
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