QQQ began trading in 1999.[1][2] Price of shares declined more than 80% due to the collapse of theDot-com bubble.[3] The fund's ticker was changed to "QQQQ" in 2004, and was later changed back to "QQQ" in 2011.[4] The fund reached a record high on 4 June 2020.[5] Invesco offers several other ETFs related to Invesco QQQ.[6] QQQM, for instance, offers a lower share price than QQQ and is marketed towards retail investors, as opposed to institutional investors.[6]
In July 2023, the fund had $5.3 billion in inflows.[7]Scion Asset Management, the investment firm run byMichael Burry, established a bet against the performance of QQQ in August 2023.[8]
A portion of the fund's assets under management is charged to investors as a fee (currently 0.20% per annum), a portion of which is used to purchase advertising for the fund.[10]
