Today were released PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s weekly net flows. The ETF registered $1245.21M weekly asset inflows for 3.20% increase, reaching $40152.39M last week. The chart of PowerShares QQQ Trust, Series 1 (ETF) shows positive weekly setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF decreased 0.37% or $0.44 on November 18, hitting $117.32. About 16.43 million shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 6.12% since April 19, 2016 and is uptrending. It has outperformed by 2.26% the S&P500.
The ETF’s YTD performance is 5.44%, the 1 year is 4.4% and the 3 year is 13.6%.
The ETF’s average P/E ratio is 21.6, the price to book is 4.48, the price to sales is 2.83 and the price to cashflow is 11.3. PowerShares QQQ Trust, Series 1 (ETF) is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Apple Inc. for 10.98% of assets, Microsoft Corporation for 8.38%, Amazon.com Inc. for 6.72%, Facebook Inc. for 5.46%, Alphabet Inc. for 4.84%, Alphabet Inc. for 4.29%, Intel Corporation for 2.96%, Cisco Systems Inc. for 2.77%, Comcast Corporation for 2.67%, The Kraft Heinz Company for 1.94%. The ETF sector weights are: Consumer Cyclical 15.09%, Financial Services 0.90%, Consumer Defensive 6.95%, Healthcare 10.88%, Communication Services 6.80%, Industrials 3.28%, Technology 56.08%. The ETF currently as 0% yield.
More notable recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Etfdailynews.com which released: “Nasdaq’s Post-Trump Recovery Continues, Helped By Apple’s Gains” on November 17, 2016, also Bloomberg.com with their article: “How to Play the Powershares QQQ Trust Series 1 ETF” published on May 31, 2016, Investorplace.com published: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” on September 23, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Investorplace.com and their article: “PowerShares QQQ Trust, Series 1 (ETF) (QQQ) Is on the Verge of Breaking Out” published on October 24, 2016 as well as Etfdailynews.com‘s news article titled: “Is The Nasdaq’s Rally Ending, Or Only Just Beginning?” with publication date: November 15, 2016.
QQQ Company Profile
PowerShares QQQ Trust Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index.
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