Invesco QQQ ETF (QQQ)
Fun Fact
- On 8 Feb 1971, the Nasdaq began operations as the world's first electronic stock market.
- The Nasdaq 100 only allows non-financial companies to be listed on its index.
- The Nasdaq once acted as a market for penny stocks.
QQQ is among the top 5 world's largest and most actively-traded ETF in the world. This ETF offers exposure to one of the world's most widely-followed equity benchmarks, the NASDAQ-100 Index. This ETF can certainly be useful as part of a buy-and-hold approach for investors looking to maintain a tilt towards the potentially volatile tech sector.
ETF Data
Asset Class | Equity ETF
Coverage | 96% North America, 98% Large Cap
AUM | US$ 126B
Avg Daily Trading Vol | 44M Shares (US$ 12B)
Expense Ratio | 0.2%
Holdings | 104 Companies
Dividend Yield | 0.6%
P/E Ratio | 31X
Technical Analysis
Currently within long term uptrend channel, short term wise downtrend. Support line USD 250 & resistance USD 305.
The stochastic indicator is currently in the oversold zone & cutting upwards. That means the short term trend might be turning upwards in the next few days.
Conclusion
Monitor & get ready to entre upon buying signal confirmation.
Average investment return @ 9.09% per year (Apr 99 – Aug 20). QQQ is suitable for long and short term investment strategy.
No comments:
Post a Comment