Today’s ETF Action: PowerShares QQQ Trust, Series 1 (ETF) Registered $-130.28M Redemptions Due To -0.32% AUM Decrease

Today's ETF Action: PowerShares QQQ Trust, Series 1 (ETF) Registered $ 130.28M Redemptions Due To  0.32% AUM Decrease

Today were reported PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s daily net flows. The ETF registered $-130.28M asset outflows for -0.32% decrease, reaching $40985.12M after yestarday’s trading session. The chart of PowerShares QQQ Trust, Series 1 (ETF) shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 0.23% or $0.27 during the last trading session, hitting $118.53. About 4,103 shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 9.29% since April 26, 2016 and is uptrending. It has outperformed by 4.03% 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 recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Bloomberg.com which released: “How to Play the Powershares QQQ Trust Series 1 ETF” on May 31, 2016. Also Investorplace.com published the news titled: “PowerShares QQQ Trust, Series 1 (ETF) (QQQ) Is on the Verge of Breaking Out” on October 24, 2016. Investorplace.com‘s news article titled: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” with publication date: September 23, 2016 was also an interesting one.

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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