Invesco QQQ

Invesco QQQ (best known by its ticker symbol, QQQ; full fund name Invesco QQQ Trust, Series 1), is an exchange-traded fund created by Invesco PowerShares. QQQ tracks the performance of the Nasdaq-100.



History
QQQ began trading in 1999. The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011. The fund reached a record high on 4 June 2020. In July 2023, the fund had $5.3 billion in inflows. Scion Asset Management, the investment firm run by Michael Burry, established a bet against the performance of QQQ in August 2023.

Assets
As of August 2023, the fund had $200 billion in assets under management, and among its top holdings were Apple, Microsoft, and Amazon.

Structure
A portion of the fund's assets under management is charged to investors as a fee (currently 0.20% per annum), a portion of which is used to purchase advertising for the fund.