Exclusive: PowerShares QQQ Trust, Series 1 (ETF) Registered $-105.30M Redemptions Due To -0.28% AUM Decrease


Exclusive: PowerShares QQQ Trust, Series 1 (ETF) Registered $ 105.30M Redemptions Due To  0.28% AUM Decrease

Today were reported PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s daily net flows. The ETF registered $-105.30M asset outflows for -0.28% decrease, reaching $37847.88M 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 increased 0.89% or $1.04 during the last trading session, hitting $117.86. About 41,649 shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 9.56% since March 16, 2016 and is uptrending. It has outperformed by 4.01% the S&P500.

The ETF’s YTD performance is 7%, the 1 year is 17.99% and the 3 year is 16.01%.

The ETF’s average P/E ratio is 21.91, the price to book is 4.46, the price to sales is 2.84 and the price to cashflow is 11.27. 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 10.77% of assets, Microsoft Corporation for 7.97%, Amazon.com Inc. for 7.00%, Facebook Inc. for 5.30%, Alphabet Inc. for 4.74%, Alphabet Inc. for 4.22%, Intel Corporation for 3.15%, Comcast Corporation for 2.84%, Cisco Systems Inc. for 2.81%, Amgen Inc. for 2.21%. The ETF sector weights are: Consumer Cyclical 15.47%, Financial Services 0.87%, Consumer Defensive 6.79%, Healthcare 11.47%, Communication Services 6.79%, Industrials 3.26%, Technology 55.35%. The ETF currently as 0% yield.

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 May 31, 2016, also Investorplace.com with their article: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” published on September 23, 2016, Etfdailynews.com published: “Here’s Why a Market Correction is Unlikely Until January” on September 08, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Livetradingnews.com and their article: “PowerShares QQQ Trust, Series 1 (ETF)(NASDAQ:QQQ) Bears in Favor” published on September 11, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: Don’t Chase Tech at This Level” with publication date: March 27, 2015.

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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