QQQM Stock Summary and Trading Ideas (Invesco Nasdaq 100 ETF | NASDAQ:QQQM)

The Invesco NASDAQ 100 ETF (Fund) is based on the NASDAQ-100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on Nasdaq. The Fund and Index are rebalanced quarterly and reconstituted annually.

Invesco Nasdaq 100 ETF trades on the NASDAQ stock market under the symbol QQQM.

As of October 3, 2024, QQQM stock price declined to $198.20 with 1,386,486 million shares trading.

QQQM has a beta of 1.37, meaning it tends to be more sensitive to market movements. QQQM has a correlation of 0.89 to the broad based SPY ETF.

QQQM has a market cap of $33.37 billion. This is considered a Large Cap stock.

In the last 3 years, QQQM traded as high as $207.24 and as low as $104.62.

QQQM has underperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +34.5%. In the last 3 month period, QQQM fell short of the market, returning -0.9%, while SPY returned +3.7%. However, in the most recent 2 weeks QQQM has outperformed the stock market by returning +2.3%, while SPY returned +1.5%.

QQQM support price is $195.93 and resistance is $200.79 (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 QQQM shares will trade within this expected range on the day.