Explore the latest developments concerning INVESCO QQQ (QQQ).
INVESCO QQQ (QQQ) Sells NVIDIA and Apple on Oct. 29
INVESCO QQQ Trust (QQQ) posted a one-sided day of ETF activity last Thursday, selling $2.24 billion of stock and buying nothing. The fund decreased 100 positions and increased none, leaving its $463.83 billion portfolio with no new or added holdings for the session.
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Its largest sells by dollar value were NVDA ($184.8 million), AAPL ($182.8 million) and MSFT ($141.3 million).
The largest sale was NVIDIA Corp (NVDA), where QQQ shed 865,088 shares worth $184.8 million while retaining an 8.09% weight. Apple Inc (AAPL) followed with 523,904 shares sold for $182.8 million, leaving an 8.0% weight, then Microsoft Corp (MSFT) at 266,560 shares and $141.3 million for a 6.18% weight. Micron Technology Inc (MU) fell by 111,936 shares, or $104.6 million, and Amazon.com Inc (AMZN) by 387,136 shares, or $94.4 million. None of the sales were new positions or full exits.
ETF Activity: QQQ Leads $2.24 Billion Exit on Oct. 29
ETF activity on Thursday tilted toward redemptions, with 339 funds reporting a net estimated outflow of $1.90 billion as 17,500 positions decreased against 40,617 increases. QQQ led the retreat at an estimated -$2.24 billion, followed by SPY at -$1.97 billion and TECL at -$950.0 million. Inflows concentrated in financials and value, with XLF adding $885.1 million and AVLV $614.0 million, while XLV and XLE also gained. Among stocks, ExxonMobil drew $889.9 million in value change across 46 buying ETFs, even as NVIDIA and Apple were trimmed.
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The largest estimated inflows were XLF ($885.1 million), AVLV ($614.0 million) and XLV ($423.4 million).
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Invesco NASDAQ 100 ETF (QQQM) Adds NVIDIA and Apple on Oct. 26
Invesco NASDAQ 100 ETF (QQQM) was the sole fund in Monday's session, buying $272.2 million of stock and selling none, against $110.42 billion in assets. QQQM increased all 101 of its positions and decreased none, for net purchases of $272.2 million.
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Its largest buys by dollar value were NVDA ($22.4 million), AAPL ($21.6 million) and MSFT ($17.0 million).
The largest buy was NVIDIA Corp (NVDA), with 103,509 shares added worth $22.4 million, at an 8.21% weight. Apple Inc (AAPL) followed with 62,682 shares bought for $21.6 million at 7.92%, then Microsoft Corp (MSFT) with 31,899 shares for $17.0 million at 6.24%. Micron Technology Inc (MU) added 13,392 shares worth $12.1 million at 4.45%, and Amazon.com Inc (AMZN) added 46,314 shares for $11.5 million at 4.24%. None of the buys were new positions and there were no exits.
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