QQQ Stock Summary and Trading Ideas (Invesco QQQ Trust | NASDAQ:QQQ)

Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.

Invesco QQQ Trust trades on the NASDAQ stock market under the symbol QQQ.

As of January 30, 2025, QQQ stock price climbed to $521.23 with 11,215,343 million shares trading.

QQQ has a beta of 1.35, meaning it tends to be more sensitive to market movements. QQQ has a correlation of 0.87 to the broad based SPY ETF.

QQQ has a market cap of $328.51 billion. This is considered a Mega Cap stock.

In the last 3 years, QQQ traded as high as $539.15 and as low as $254.26.

QQQ has underperformed the market in the last year with a price return of +22.4% while the SPY ETF gained +24.2%. However, in the short term, QQQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +4.4% vs +4.0% return in SPY. But in the last 2 weeks, QQQ shares have been beat by the market, returning +0.9% compared to an SPY return of +1.7%.

QQQ support price is $514.00 and resistance is $527.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQ shares will trade within this expected range on the day.