FMP
May 30, 2025 2:06 PM - Alex Lavoie
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On May 30, 2025, Benchmark upgraded the Invesco QQQ Trust (NASDAQ:QQQ) to a "Buy" rating. At the time, QQQ was priced at approximately $517.78. QQQ is a tech-heavy exchange-traded fund (ETF) that tracks the Nasdaq-100, making it a popular choice for investors seeking growth in the technology sector.
The tech sector has been a dominant force in the market, with ETFs like QQQ delivering impressive annual returns of over 21% in the past three years. This outpaces broad market trackers like the Vanguard S&P 500 ETF, which saw annual gains of 15.5% during the same period. The surge in the tech sector is largely driven by advancements in artificial intelligence, notably since the release of ChatGPT in November 2022.
Despite the recent upgrade, QQQ's current price is $518.30, reflecting a slight decrease of $1.63 or approximately -0.31%. Today, the price has fluctuated between a low of $515.93 and a high of $519.65. Over the past year, QQQ has reached a high of $540.81 and a low of $402.39, indicating significant volatility in its price movements.
The market capitalization of QQQ stands at approximately $203.74 billion, with a trading volume of 10.37 million shares on the NASDAQ exchange. As highlighted by 24/7 Wall Street, ETFs like QQQ offer investors diversified and cost-effective investment options, with low fees, high liquidity, and the ability to trade like stocks. This makes them attractive to both novice and seasoned investors.
QQQ's focus on tech-heavy growth makes it suitable for investors looking for growth in the technology sector. In contrast, the Vanguard Total Stock Market ETF (NYSEARCA:VTI) offers broad market exposure, appealing to those who prefer a more comprehensive investment strategy. Both ETFs provide a balance of risk and reward, catering to different investment goals and risk tolerances.
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