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Asset Summary

Daily Performance Report for QQQ ETF: Dec 9, 2024

Summary: The day started with QQQ ETF opening at $526.72 and closing at $521.96. The ETF showed weakness throughout the day, with the highest price observed at $527.63 and the lowest at $521.22. The underlying asset had a trading range of $6.41 Overall, it was a negative trading day for QQQ ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-4.76 or -0.90% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for QQQ ETF was 20,464,093 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $526.72.

Highest Price: The highest price observed during the day was $527.63.

Lowest Price: The lowest price observed during the day was $521.22.

Closing Price: The day ended at $521.96.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Dividends paid by the underlying stocks in QQQ are collected and distributed to ETF shareholders. The fund typically reinvests dividends to purchase additional shares unless the investor opts to receive them in cash.

QQQ typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying stocks in the ETF’s portfolio.

QQQ primarily includes technology and innovation-driven companies, such as those in the sectors of technology, consumer services, healthcare, and industrials. Major holdings often feature companies like Apple, Microsoft, Amazon, and Alphabet.

Yes, QQQ can be held in retirement accounts such as IRAs or 401(k)s. It can be a good choice for investors seeking growth through exposure to technology and innovation sectors.

As of the latest update, QQQ has an expense ratio of approximately 0.20%. This fee covers the cost of managing the fund and is deducted from the fund’s assets.

QQQ is rebalanced quarterly to align with changes in the Nasdaq-100 Index. This process involves adjusting the ETF's holdings to ensure it continues to accurately track the index.

Key performance metrics for QQQ include its net asset value (NAV), expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, while the expense ratio indicates the cost of managing the fund. Total return measures the overall performance including dividends, and tracking error gauges how closely QQQ follows the Nasdaq-100 Index.

QQQ is designed to closely track the performance of the Nasdaq-100 Index. Therefore, its performance is expected to be very similar to the index. Minor discrepancies might occur due to tracking error and management fees.

Historically, QQQ has shown strong performance, largely driven by its tech-heavy composition. Long-term performance can vary, and investors should review historical data and consider how past performance aligns with their investment goals.

Yes, investing in QQQ carries risks, including market risk, sector risk, and concentration risk. Since QQQ is heavily weighted towards technology stocks, it can be more volatile compared to broader market indices. Performance can fluctuate based on changes in the technology sector and broader economic conditions.

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