dpThis article first appeared on GuruFocus.
INVESCO QQQ Trust (QQQ) posted a one-sided day of ETF activity last Thursday, selling $2.24 billion of stock and buying nothing. The fund decreased 100 positions and increased none, leaving its $463.83 billion portfolio with no new or added holdings for the session.
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What did QQQ sell on Thursday?
Its largest sells by dollar value were NVDA ($184.8 million), AAPL ($182.8 million) and MSFT ($141.3 million).
The largest sale was NVIDIA Corp (NVDA), where QQQ shed 865,088 shares worth $184.8 million while retaining an 8.09% weight. Apple Inc (AAPL) followed with 523,904 shares sold for $182.8 million, leaving an 8.0% weight, then Microsoft Corp (MSFT) at 266,560 shares and $141.3 million for a 6.18% weight. Micron Technology Inc (MU) fell by 111,936 shares, or $104.6 million, and Amazon.com Inc (AMZN) by 387,136 shares, or $94.4 million. None of the sales were new positions or full exits.
How does QQQ invest?
QQQ is an equity fund holding 101 stocks, with 46.5% of assets in its 10 largest holdings. Technology accounts for 59.1% of the classified portfolio, Communication Services 10.8% and Consumer Cyclical 10.8%, and all holdings are large-cap. Its expense ratio is 0.18%. Top holdings are NVIDIA Corp at 8.09%, Apple Inc at 8.0%, Microsoft Corp at 6.18%, Micron Technology Inc at 4.58% and Amazon.com Inc at 4.13%. The fund has a GF Score of 88, a P/E of 28.72, a P/B of 6.99, a dividend yield of 0.44% and a year-to-date return of 12.78%.
INVESCO QQQ Trust (NASDAQ:QQQ) at a glance
See the full INVESCO QQQ Trust profile, or compare it with similar funds in the ETF Screener. For the stock behind its biggest sell, see NVDA’s GF Value page and guru trades.
