Noteworthy ETF inflows with changes in top components' values, mixed performance

From Nasdaq: 2024-08-16 11:01:05

The Invesco NASDAQ 100 ETF (QQQM) saw a $322.2 million inflow, a 1.0% increase in outstanding units week-over-week. Top components included Meta Platforms Inc (META) down 1.6%, Costco Wholesale Corp (COST) down 0.9%, and Alphabet Inc (GOOGL) up 1.7%. Check out the complete list of holdings on the QQQM Holdings page.

QQQM’s one-year price performance compared to its 200-day moving average shows a range of $140.84 to $207.24. Today’s trade is at $195.26. The 200-day moving average helps with technical analysis. Learn more about this useful technique.

ETFs trade like stocks, with investors buying and selling units. Weekly monitoring of shares outstanding changes reveals notable inflows (new units created) or outflows (units destroyed). Creation or destruction of units impacts ETF components. Check out the 9 other ETFs with notable inflows.

For more information, explore OCDX and TRNO options chains, as well as QTRH shares outstanding history. The author’s views and opinions do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Noteworthy ETF Inflows: QQQM, META, COST, GOOGL