ETF Report: PowerShares QQQ ETF (QQQ) Declines 0.4% for Nov 24

November 24, 2016 - By Adrian Mccoy   ·   0 Comments

Nov 24 is a negative day so far for PowerShares QQQ ETF (NASDAQ:QQQ) as the ETF is active during the day after losing 0.4% to hit $118.42 per share. The exchange traded fund has 40.95 billion net assets and 1.09% volatility this month.

Over the course of the day 22.93M shares traded hands, as compared to an average volume of 22.92M over the last 30 days for PowerShares QQQ ETF (NASDAQ:QQQ).

The ETF is -3.23% of its 52-Week High and 23.10% of its low, and is currently having ATR of 1.55. This year’s performance is 4.37% while this quarter’s performance is -1.37%.

The ETF’s YTD performance is 5.44%, the 1 year is 4.4% and the 3 year is 13.6%.

The ETF’s average P/E ratio is 21.6, the price to book is 4.48, the price to sales is 2.83 and the price to cashflow is 11.3. It was started on 03/10/1999. The fund’s top holdings are: Apple Inc. for 10.98% of assets, Microsoft Corporation for 8.38%, Amazon.com Inc. for 6.72%, Facebook Inc. for 5.46%, Alphabet Inc. for 4.84%, Alphabet Inc. for 4.29%, Intel Corporation for 2.96%, Cisco Systems Inc. for 2.77%, Comcast Corporation for 2.67%, The Kraft Heinz Company for 1.94%. The ETF sector weights are: Consumer Cyclical 15.09%, Financial Services 0.90%, Consumer Defensive 6.95%, Healthcare 10.88%, Communication Services 6.80%, Industrials 3.28%, Technology 56.08%. The ETF currently as 1.05% yield.

More important recent PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) news were published by: Etfdailynews.com which released: “Inflows Return To QQQ As Major Tech Stocks Recover” on November 23, 2016, also Bloomberg.com published article titled: “How to Play the Powershares QQQ Trust Series 1 ETF”, Investorplace.com published: “Trade of the Day: Powershares QQQ Trust, Series 1 (ETF) (QQQ) a Big Buy” on September 23, 2016. More interesting news about PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) was released by: Investorplace.com and their article: “PowerShares QQQ Trust, Series 1 (ETF) (QQQ) Is on the Verge of Breaking Out” with publication date: October 24, 2016.

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The ETF has a market cap of $40.95 billion. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. It currently has negative earnings. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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By Adrian Mccoy

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