ETF Worth Watching: PowerShares QQQ Trust, Series 1 (ETF) Saw $-146.18M Redemptions Because Of -0.36% AUM Decrease

ETF Worth Watching: PowerShares QQQ Trust, Series 1 (ETF) Saw $ 146.18M Redemptions Because Of  0.36% AUM Decrease

Today were reported PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s daily net flows. The ETF registered $-146.18M asset outflows for -0.36% decrease, reaching $40562.37M 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 decreased 0.80% or $0.93 during the last trading session, hitting $115.18. About 27,026 shares traded hands. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 4.37% since April 1, 2016 and is uptrending. It has outperformed by 3.15% 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: Benzinga.com which released: “Carter Worth And Mike Khouw’s PowerShares QQQ Trust, Series 1 (ETF) Trade” on October 22, 2016, also Etfdailynews.com with their article: “Money Flows And Options Activity Telling Different Stories About Stocks” published on November 02, 2016, Bloomberg.com published: “How to Play the Powershares QQQ Trust Series 1 ETF” on May 31, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) were released by: Investorplace.com and their article: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” published on September 23, 2016 as well as Etfdailynews.com‘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.

Tags: , ,

Related posts

Leave a Comment