Invesco QQQ

QQQ began trading in 1999.{{cite news |last1=Norris |first1=Floyd |title=THE MARKETS: Market Place; When Failure Paves the Way For Success (Published 2001) |url=https://www.nytimes.com/2001/12/18/business/the-markets-market-place-when-failure-paves-the-way-for-success.html |access-date=18 August 2023 |work=The New York Times |date=18 December 2001 |language=en}} Price of shares declined more than 80% due to the collapse of the Dot-com bubble.{{cite news |last1=Jack |first1=Pitcher |title=What One ETF From the Dot-Com Era Can Tell Us About Tech Investing Now |url=https://www.wsj.com/finance/stocks/the-qqq-fund-now-a-250-billion-behemoth-turns-25-c4e46710 |access-date=20 August 2024 |work=The Wall Street Journal |date=14 February 2024}} The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011.{{cite news |last1=Goldsborough |first1=Robert |title=PowerShares Changes Ticker Symbol of Tech-Heavy QQQ ETF |url=https://www.morningstar.com/articles/374713/powershares-changes-ticker-symbol-of-tech-heavy-qqq-etf |access-date=20 August 2023 |work=Morningstar, Inc. |date=23 March 2011 |language=en}} The fund reached a record high on 4 June 2020.{{cite news |last1=Sommer |first1=Jeff |title=Why the Stock Market Just Doesn't Care (Published 2020) |url=https://www.nytimes.com/2020/06/05/business/why-the-stock-market-just-doesnt-care.html |access-date=18 August 2023 |work=The New York Times |date=5 June 2020}} Invesco offers several other ETFs related to Invesco QQQ.{{cite news |last1=Wursthorn |first1=Michael |title=Invesco to Launch Four New Funds Tied to Flagship QQQ Tech ETF |url=https://www.wsj.com/articles/invesco-to-launch-four-new-funds-tied-to-flagship-qqq-tech-etf-11602592229 |access-date=20 August 2024 |work=The Wall Street Journal |date=13 October 2020}} QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors.

In July 2023, the fund had $5.3 billion in inflows.{{cite news |last1=Morris |first1=Joe |title=Nasdaq rebalancing prompts huge flows to Invesco ETFs |url=https://www.ft.com/content/8232f152-d311-4485-9161-846835ef0f8c |access-date=17 August 2023 |work=The Financial Times |date=7 August 2023}} Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.{{cite news |last1=Watts |first1=William |title='Big Short' trader Michael Burry loaded up on bearish options in second quarter, filing shows |url=https://www.marketwatch.com/story/big-short-trader-michael-burry-loaded-up-on-bearish-options-in-second-quarter-filing-shows-3b2f5d53?adobe_mc=MCMID%3D03080058210667262924391728739207589123%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1692291195 |access-date=17 August 2023 |work=MarketWatch |date=14 August 2023 |language=EN-US}}

As of August 2023, the fund had $200 billion in assets under management, and among its top holdings were Apple, Microsoft, and Amazon.{{cite news |last1=Wallerstein |first1=Eric |title=Tech Options Bets Soar to New Heights |url=https://www.wsj.com/livecoverage/stock-market-today-jobs-report-08-04-2023/card/tech-options-bets-soar-to-new-heights-jFjtYhq2hooYyQk3WO8k?page=1 |access-date=17 August 2023 |work=The Wall Street Journal |date=4 August 2023}}

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.{{cite news |last1=Burger |first1=Dani |title=Where Do SPDR Fees Go? Check the Madison Square Garden Ice |url=https://www.bloomberg.com/news/articles/2017-02-08/where-do-spdr-fees-go-check-the-ice-at-madison-square-garden?sref=CIpmV6x8 |access-date=17 August 2023 |work=Bloomberg |date=8 February 2017}}

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• {{Official website|https://www.invesco.com/qqq-etf/en/home.html}}

Category:Exchange-traded funds

Category:1999 establishments in the United States

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