ETF Worth Mentioning: The Net Flows Of PowerShares QQQ Trust, Series 1 (ETF) Point to $-555.88M Redemptions After -1.41% AUM Decrease


ETF Worth Mentioning: The Net Flows Of PowerShares QQQ Trust, Series 1 (ETF) Point to $ 555.88M Redemptions After  1.41% AUM Decrease

Today were released PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s weekly net flows. The ETF registered $-555.88M weekly asset outflows for -1.41% decrease, reaching $38972.06M last week. The chart of PowerShares QQQ Trust, Series 1 (ETF) 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 0.22% or $0.26 on October 7, hitting $118.47. About 19.98M shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 12.81% since March 7, 2016 and is uptrending. It has outperformed by 5.21% the S&P500.

The ETF’s YTD performance is 4.68%, the 1 year is 12.89% and the 3 year is 16.99%.

The ETF’s average P/E ratio is 21.82, the price to book is 4.45, the price to sales is 2.82 and the price to cashflow is 11.26. 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 10.50% of assets, Microsoft Corporation for 8.16%, Inc. for 6.56%, Facebook Inc. for 5.27%, Alphabet Inc. for 4.76%, Alphabet Inc. for 4.19%, Intel Corporation for 3.06%, Cisco Systems Inc. for 2.86%, Comcast Corporation for 2.85%, Amgen Inc. for 2.31%. The ETF sector weights are: Consumer Cyclical 15.02%, Financial Services 0.81%, Consumer Defensive 7.18%, Healthcare 11.76%, Communication Services 6.76%, Industrials 3.40%, Technology 55.06%. The ETF currently as 0% yield.

More notable recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: which released: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” on September 23, 2016, also with their article: “How to Play the Powershares QQQ Trust Series 1 ETF” published on May 31, 2016, published: “Here’s Why the Tech Stock Rally Has Plenty of Legs Left” on August 04, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: and their article: “Trade of the Day: Don’t Chase Tech at This Level” published on March 27, 2015 as well as‘s news article titled: “Here’s Why a Market Correction is Unlikely Until January” with publication date: September 08, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply