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Invesco QQQ, previously known as Powershares QQQ, is a widely held and traded exchange-traded fund (ETF) that tracks the Nasdaq 100 Index. 1? Therefore, QQQ is heavily weighted toward large-cap technology companies and is often viewed as a snapshot of how the technology sector is trading.
In this regard, is QQQ A good ETF?
The largest ETF is the broad SPY stock, which owns all the stocks in the S&P 500. But while the QQQ isn't a broad market ETF, it owns the most valuable stocks trading on the Nasdaq. That definition means the QQQ is very tech heavy. Most of the world's biggest technology stocks still trade on the Nasdaq.
Consequently, what is the QQQ made up of?
Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.
QQQ tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks. QQQ is one of the best established and most traded ETFs in the world. It's also one of the most unusual.