Invesco QQQ Trust Series 1, commonly known as QQQ or QQQ ETF, is an exchange-traded fund (ETF) that tracks the performance of the Nasdaq-100 Index. The fund is managed by Invesco Ltd., a global investment management firm with headquarters in Atlanta, Georgia, USA. The QQQ ETF was established on March 10, 1999, and it has since become one of the most popular and widely traded ETFs in the financial markets.
The primary objective of the QQQ ETF is to replicate the price and yield performance of the Nasdaq-100 Index, which consists of the 100 largest non-financial companies listed on the Nasdaq Stock Market. These companies represent a diverse range of industries, including technology, consumer discretionary, healthcare, and communication services, among others.
Invesco QQQ Trust Series 1 is listed and traded on the Nasdaq Stock Market under the ticker symbol "QQQ." Being an ETF, QQQ offers investors an easy and cost-effective way to gain exposure to the performance of the Nasdaq-100 Index without having to buy individual stocks of the index constituents.
The Nasdaq-100 Index is known for its strong focus on technology and growth-oriented companies, making the QQQ ETF particularly attractive to investors seeking exposure to the fast-growing technology sector. As a result, the QQQ ETF has been widely popular among both retail and institutional investors looking to diversify their portfolios and potentially benefit from the growth of leading technology and innovation-driven companies.
The QQQ ETF has experienced significant growth in assets under management (AUM) over the years, reflecting the increasing interest in technology-focused investments. The fund's liquidity and tradability have also contributed to its appeal, as investors can easily buy or sell shares on the stock exchange throughout the trading day. Additionally, Invesco has periodically rebalanced the fund to ensure that it tracks the Nasdaq-100 Index as closely as possible.