QQQ was created on 1999-03-10 by Invesco. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 320527.5m in AUM and 102 holdings. QQQ tracks a modified-market-cap-weighted index of 100 NASDAQ-listed stocks.
This ETF offers exposure to one of the world’s most widely-followed equity benchmarks, the NASDAQ, and has become one of the most popular exchange-traded products. The significant average daily trading volumes reflect that QQQ is widely used as a trading vehicle, and less as a components of a balanced long-term strategy. Of course, this fund can certainly be useful as part of a buy-and-hold approach for investors looking to maintain a tilt towards the potentially volatile tech sector