Today were released PowerShares QQQ ETF (QQQ)’s weekly net flows. The ETF registered $-272.14M weekly asset outflows for -0.64% decrease, reaching $42521.25M last week. The chart of PowerShares QQQ ETF (QQQ) shows negative 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 outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The ETF decreased 2.30% or $2.61 on December 11, hitting $110.79. About 56.02 million shares traded hands or 94.38% up from the average. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 2.33% since May 11, 2015 and is uptrending. It has outperformed by 6.74% the S&P500. More notable 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 September 08, 2015, also Investorplace.com with their article: “Trade of the Day: QQQ’s Breakdown Presents Buying Opportunity” published on July 01, 2015, Investorplace.com published: “Trade of the Day: Don’t Chase Tech at This Level” on March 27, 2015. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Etfdailynews.com and their article: “QQQ Is Far More Than A Technology-Driven Juggernaut” published on October 22, 2015 as well as Benzinga.com‘s news article titled: “QQQ Qualifies For New Highs, But Some Investors Miss Out” with publication date: November 04, 2015.
The ETF’s YTD performance is 10.54%, the 1 year is 12.97% and the 3 year is 21.99%.
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The investment seeks investment results that generally correspond to the price and yield performance of the index. To maintain the correspondence between the composition and weights of the securities in the trust (the “securities”) and the stocks in the Nasdaq-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.
The ETF’s average P/E ratio is 21.21, the price to book is 4.41, the price to sales is 2.98 and the price to cashflow is 13.32. PowerShares QQQ ETF (QQQ) is in the ETF category: Large Growth, is part of PowerShares fund family and currently has $42.12 billion net assets. It was started on 3/10/1999. The fund’s top holdings are: Apple Inc. for 12.83% of assets, Microsoft Corporation for 7.92%, Amazon.com Inc. for 5.51%, Alphabet Inc. for 4.60%, Facebook Inc. for 4.34%, Alphabet Inc. for 4.02%, Intel Corporation for 3.03%, Gilead Sciences Inc. for 2.99%, Cisco Systems Inc. for 2.76%, Comcast Corporation for 2.49%. The ETF sector weights are: Consumer Cyclical 14.66%, Consumer Defensive 7.39%, Healthcare 13.98%, Communication Services 5.86%, Industrials 3.47%, Technology 54.64%. The ETF currently as 1.01% yield.
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?s weekly net flows. The ETF registered $-272.14M weekly asset outflows for -0.64% decrease, reaching 521.25M last week. The chart of PowerShares QQQ ETF){kind=link}