Today’s ETF On Watch: PowerShares QQQ Trust, Series 1 (ETF) Assets Now 1.41% Amid $558.68M Net Inflows

Today's ETF On Watch: PowerShares QQQ Trust, Series 1 (ETF) Assets Now 1.41% Amid $558.68M Net Inflows

Today were released PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ)‘s weekly net flows. The ETF registered $558.68M weekly asset inflows for 1.41% increase, reaching $40131.35M last week. The chart of PowerShares QQQ Trust, Series 1 (ETF) shows positive 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 inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF decreased 0.35% or $0.4 on November 4, hitting $113.65. About 27.00M shares traded hands or 30.62% up from the average. PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) has risen 4.38% since April 5, 2016 and is uptrending. It has outperformed by 2.42% 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: “Tim Biggam’s PowerShares QQQ Trust ETF Trade” on November 04, 2016, also Benzinga.com with their article: “Carter Worth And Mike Khouw’s PowerShares QQQ Trust, Series 1 (ETF) Trade” published on October 22, 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: “Money Flows And Options Activity Telling Different Stories About Stocks” with publication date: November 02, 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.

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