Invesco QQQ

This article is about the exchange-traded fund. For other uses, see QQQ (disambiguation).

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.

The performance of the Nasdaq-100 Index, which QQQ tracks, from 1985 to 2015

History

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

Assets

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

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]