Explore the latest developments concerning Invesco QQQ (QQQ).
Invesco QQQ (QQQ) Buys $19.6 Million More NVIDIA on Tuesday
Invesco QQQ Trust (QQQ) was the only ETF buying on Tuesday, with no funds selling, according to its reported daily holdings changes. QQQ added $239.6 million in ETF activity, increasing all 101 of its positions and decreasing none, against $464.63 billion in assets under management. The gross traded total matched the net bought figure at $239.6 million.
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Its largest buys by dollar value were NVDA ($19.6 million), AAPL ($19.0 million) and MSFT ($15.2 million).
The largest buy was NVIDIA Corp (NVDA), where QQQ added 94,619 shares worth $19.6 million, lifting the position to 8.16% of assets. Apple Inc (AAPL) followed with 57,302 shares added for $19.0 million at a 7.94% weight, then Microsoft Corp (MSFT) with 29,155 shares for $15.2 million at 6.34%. Amazon.com Inc (AMZN) drew $10.6 million on 42,343 shares at 4.43%, and Micron Technology Inc (MU) $10.5 million on 12,243 shares at 4.37%. All five were existing holdings, so there were no new positions and no exits.
INVESCO QQQ (QQQ) Adds Apple and NVIDIA on Monday
INVESCO QQQ Trust (QQQ) recorded net buying of $3.88 billion on Monday, Nov. 2, with gross ETF activity matching that figure as the fund added to every one of its 101 positions and trimmed none. The $464.63 billion fund posted no decreases and no exits for the session.
Is QQQ fairly valued? Test your thesis with our free DCF calculator.
Its largest buys by dollar value were AAPL ($315.7 million), NVDA ($311.4 million) and MSFT ($240.8 million).
The largest buy was Apple Inc, up 933,204 shares for $315.7 million, or 8.15% of assets. NVIDIA Corp followed with 1,540,938 shares added for $311.4 million at an 8.03% weight, then Microsoft Corp at 474,810 shares for $240.8 million (6.21%). Amazon.com Inc drew 689,586 shares for $169.4 million (4.37%) and Micron Technology Inc 199,386 shares for $166.2 million (4.29%). None of the top buys was a new position, and the fund sold out of nothing.
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Invesco NASDAQ 100 ETF (QQQM) Adds NVIDIA and Apple on Tuesday
In Tuesday's session, Invesco NASDAQ 100 ETF (QQQM) was the sole buyer among the ETFs tracked, with no funds selling. QQQM recorded $287.4 million in gross trades, all of it net buying, and increased all 101 of its positions while decreasing none. The fund's assets stood at $105.97 billion.
Is QQQM fairly valued? Test your thesis with our free DCF calculator.
Its largest buys by dollar value were NVDA ($23.5 million), AAPL ($22.8 million) and MSFT ($18.2 million).
The largest buy was NVIDIA Corp (NVDA), where QQQM added 113,526 shares worth $23.5 million, bringing the position to 8.16% of assets. Apple Inc (AAPL) followed with 68,748 shares added for $22.8 million at a 7.94% weight, then Microsoft Corp (MSFT) with 34,986 shares for $18.2 million at 6.34%. Amazon.com Inc (AMZN) drew $12.7 million for 50,796 shares and Micron Technology Inc (MU) $12.6 million for 14,688 shares. All were existing positions, and there were no new positions or exits.
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