QQQJ - QQQJ: A Different Spin On QQQ That Makes Sense

2024-04-25 06:37:54 ET

Summary

• Invesco has launched an ETF that excludes the top 100 names in the Nasdaq, providing exposure to the next generation of Nasdaq-listed non-financial companies.
• The ETF's top holdings include Super Micro Computer, Monolithic Power Systems, Tractor Supply, ICON, and eBay.
• The ETF has a sector composition that is primarily focused on technology, making up 41% of the fund, and it has underperformed compared to the Invesco QQQ Trust Nasdaq ETF.

I'm always blown away by how creative Wall Street gets when it comes to making new product. With most of the momentum for equities centered around mega-cap Tech names (and notable the Nasdaq 100), Invesco had the foresight to come up with an ETF that doesn't include those 100 biggest names in the portfolio. Actually an interesting concept that drives the Invesco NASDAQ Next Gen 100 ETF ( QQQJ ) . This fund provides exposure to the next generation of Nasdaq-listed non-financial companies, specifically focusing on the 101st to the 200th largest companies on the Nasdaq....

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