QQQ Stock – Noteworthy ETF Outflows: QQQ, PYPL, CMCSA, ADBE
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $1.3 billion dollar outflow — that’s a 0.8% decrease week over week (from 481,850,000 to 478,000,000). Among the largest underlying components of QQQ, in trading today PayPal Holdings Inc (Symbol: PYPL) is up about 1.6%, Comcast Corp (Symbol: CMCSA) is up about 0.8%, and Adobe Inc (Symbol: ADBE) is higher by about 2%. For a complete list of holdings, visit the QQQ Holdings page The chart below shows the one year price performance of QQQ, versus its 200 day moving average:
Looking at the chart above, QQQ’s low point in its 52 week range is $231.74 per share, with $342.80 as the 52 week high point that compares with a last trade of $339.80. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average .
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