NEWS BITES - ETF
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), the 5th largest Exchange Traded Fund by market cap in the United States, has decreased 94.0c (or 0.5%) from its last trading session of August 19 to close at $US187.47, ending a two-day streak of rises. Compared with the Morgan Stanley Capital International USA Index [MSCI USA] which fell 59.6 points (0.8%) in the day, the relative price increase was 0.3%. The volume was 0.4 times the average daily trading of 30.9 million units. Its MCap is $US73.2 billion.
NET ASSET VALUE release date 19 August, 2019
The Net Asset Value (NAV) of the ETF is $US185.48 and it last traded at a premium of 1.076% to NAV.
|QQQ||Today||1 Day ago||Week ago||Month ago|
THE PAST WEEK [Price down 0.2% to $US188.41; NAV down 0.6% to $US185.47]
Invesco QQQ Trust, Series 1 NAV fell in 3 out of last 5 days.
|DAY||Comment on Price||Close price [USD]||NAV [USD]||NAV Change||Comment on NAV|
|Aug 19||Put call ratio decreases 15.0%, ETF increases 1.6%||188.41||185.475||2.9|
|Aug 16||Outperforms 82% of the market||185.48||182.575||-0.126|
|Aug 15||Put call ratio increases 34.9%, ETF decreases||182.4||182.701||-5.703||Steepest Fall|
|Aug 14||Falls 3.2% in weak trading with rising open interest||182.77||188.404||4.055||Top Rise|
|Aug 13||In its biggest weekly gain for 2 months||188.87||184.349||-2.061|
THE PAST FIVE YEARS
Invesco QQQ Trust, Series 1 soars 97% in 5 years
Invesco QQQ Trust, Series 1 (O:QQQ), has soared $US92.54 (or 97.5%) in the past five years to close at $US187.47 today. Compared with the Morgan Stanley Capital International USA Index which has risen 56.7% over the same period, this is a relative price increase of 40.8%.
INVESCO QQQ TRUST, SERIES 1 BEARISH SIGNALS
+ The price decreased 0.7% in the last week and dropped 2.5% in the last month.
+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 186.53 minus the 26-day EMA of 187.42 is negative 0.89 suggesting a bearish signal.
1.2 Low Performance Indicator:
|Description||Value||Rank In Market|
|% Prem to Vol Wtd Price||0.1||In Bottom Quartile|
INVESCO QQQ TRUST, SERIES 1 BULLISH SIGNALS
+ The 4.1% discount to 12-month high of $US195.42 against the 31.2% premium to 12-month low of $US142.88 suggests the ETF continues to push for new highs.
+ In the last three months the ETF has hit a new 52-week high eight times, pointing to a significant uptrend.
+ The present value of USD1,000 (PV1000) invested five years ago in Invesco QQQ Trust, Series 1 is $US2,055, including a capital gain of $US975 and dividend reinvested of $US80.
+ 5 years Multiplier in USD = 2.055x
+ Compound Annual Growth Rate (CAGR) in USD = 15.5%
2.2 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US2.4 billion||In Top 1%|
|Price/MAP200||1.06||In Top Quartile|
PRICE VOLUME DYNAMICS
+ Volume: there were 13,030,010 units worth $US2.4 billion traded today. In the past week, volume was 0.8 times average and the units were down 0.7%.
+ The present value of $US1,000 (PV1000) invested one year ago in Invesco QQQ Trust, Series 1 is $US1,061, comprising a capital gain of $US52 and dividend reinvested of $US9. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:
3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
|Mon-Fri||Change %||MSCI USA Change %||RPC %||Vol Ind [1 is avg]|
3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]
|Mon-Fri||Change %||MSCI USA Change %||RPC %||Vol Ind [1 is avg]|
|Jul 29-Aug 02||-4.3||-3.1||-1.1||1|
3.4 Trailing 3 months
|Volume Index (1 is avg)||0.7|
3.5 Trailing Price Change %
3-Year price change of 63.6% for QQQ outperformed the change of 22.4% in the Morgan Stanley Capital International World Index [MSCI World] for a relative price change of 41.2%.
|Price Change %||Quarter||Year||3 Years|
3.6 MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $US39.4 billion from $US34.2 billion to $US73.6 billion. Based on a dynamic start date of 5 years ago, there has been no decline in MCap over the last 5 years.
|Close Price||MCap (US$ B)|
|1 Year ago||$US178.42||70.1|
|2 Years ago||$US142.25||51.5|
|3 Years ago||$US114.46||39.9|
|4 Years ago||$US106.85||39.3|
|5 Years ago||$US93.68||34.2|
3.7 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the real rate of return has averaged 15.7%. The Moving Annual Return has consistently exceeded 6%.
|QQQ||Close (USD)||Dividends (USD)||Capital Gain %||% Yield||Annual Return %|
|1 Yr ago||178.28||0.65||27.9||0.5||28.4|
|2 Yrs ago||139.39||1.3||21.7||1.1||22.8|
|3 Yrs ago||114.57||1.21||7.8||1.1||8.9|
|4 Yrs ago||106.29||0.49||12||0.5||12.5|
Close 5 years ago $US94.93
3.8 Year-on-Year Comparison (Trailing year - ended 31 Jul)
In the past 5 years, QQQ has jumped 109.1% from 91.39 to 191.1, an average annual compound rise of 15.9%.
|% Price Change||25.5||28.6||-0.2||14.1||31.5||11.1|
|Avg Daily Volume||20,836,010||10,967,179||16,186,707||26,890,980||35,641,007||39,899,597|
|Turnover Period||32 d||53 d||28 d||21 d||16 d||14 d|
|Price Range||142.88 - 195.42||124.68 - 173.7||109.41 - 144.09||81.88 - 112.89||87 - 110.53||71.73 - 93.78|
In the past 5 years average daily volume has declined 47.8% from 39.9 million units to 20.8 million units. Turnover period has increased from 14 days to 32 days. This indicates a larger number of core investors, making a long-term investment safer.
+ Beta: the Beta is 1.1. A Beta greater than 1 suggests this is a high risk, high return ETF with volatility greater than that of the market.
4.1 Global Rank out of 5,059 ETFs
The present value of $US1,000 invested a year ago is $US1,061, ranking it 1053 out of 5,059 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 91.
|Net Assets (US$)||68B||15||Top|
|Rel Strength 6 Mo (US$)||91||456||Top|
|PV$1000 (1Year) US$||1,061||1053||Top|
4.2 Rank in the Total United States ETF Market [out of 1,487 ETFs]
|Rel Strength 6 Mon ($US)||89||167|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Jun 28,2019||XTF Inc.||Upgrade||9.3 out of 10||8.9 out of 10|
REPORTED BUYING AND SELLING
6.1 Top 29 Institutional Holders of Invesco QQQ Trust, Series 1 as at June 30, 2019
The top 29 institutional shareholders held 0.1% units of Invesco QQQ Trust, Series 1. The largest shareholder was Viridian Ria LLC with 0.02% of Invesco QQQ Trust, Series 1. The second largest shareholder was Cheviot Value Management, LLC.
|Institution (CIK)||ETFs||Holding %||Value $USD||Unrealised Gain/(Loss)*|
|Viridian Ria LLC (0001730068)||86,681||0.02||16.2 M||(343,257)|
|Cheviot Value Management, LLC (0001427147)||28,079||0.01||5.2 M||(111,193)|
|Cypress Capital Management LLC (0001140468)||24,785||0.01||4.6 M||(98,149)|
|Swan Global Investments, LLC (0001591505)||22,400||0.01||4.2 M||(88,704)|
|TOEWS CORP /ADV (0000932000)||19,500||-||3.6 M||(77,220)|
|The Financial Advisory Group (0001539338)||18,761||-||3.5 M||(74,294)|
|White Lighthouse Investment Management Inc. (0001727593)||16,722||-||3.1 M||(66,219)|
|HBK Sorce Advisory LLC (0001379995)||15,467||-||2.9 M||(61,249)|
|Nadler Financial Group, Inc. (0001541787)||14,788||-||2.8 M||(58,560)|
|Circle Wealth Management, LLC (0001578242)||7,749||-||1.4 M||(30,686)|
|Frontier Investment Management Company (0001316539)||7,000||-||1.3 M||(27,720)|
|Colorado Capital Management, Inc. (0001664147)||6,562||-||1.2 M||(25,986)|
|Folger Nolan Fleming Douglas Capital Management, Inc. (0000885415)||6,211||-||1.2 M||(24,596)|
|RETIREMENT INCOME SOLUTIONS, INC (0001730386)||5,629||-||1 M||(22,291)|
|Tower View Investment Management & Research LLC (0001729045)||5,134||-||956,772||(20,331)|
|Balasa Dinverno & Foltz LLC (0001308757)||4,437||-||826,879||(17,571)|
|Genovese Burford & Brothers Wealth & Retirement Plan Management (0001622852)||4,124||-||768,549||(16,331)|
|Blue Edge Capital, LLC (0001599620)||3,630||-||676,487||(14,375)|
|X-Square Capital, LLC (0001729300)||3,100||-||577,716||(12,276)|
|Capital Investment Advisors, LLC (0001582732)||2,807||-||523,113||(11,116)|
|Wedgewood Investors Inc. /PA (0001125243)||1,925||-||358,743||(7,623)|
|AMI Investment Management Inc. (0001122241)||1,915||-||356,879||(7,583)|
|Concentric Wealth Management, LLC (0001695345)||1,766||-||329,112||(6,993)|
|Sharkey, Howes & Javer (0001642246)||1,607||-||299,481||(6,364)|
|Advisory Resource Group (0001764968)||1,422||-||265,004||(5,631)|
|LeJeune Puetz Investment Counsel LLC (0001698146)||873||-||162,692||(3,457)|
|Cypress Capital Management LLC (WY) (0001633896)||600||-||111,816||(2,376)|
|Sonora Investment Management, LLC (0001418539)||512||-||95,416||(2,028)|
|Winch Advisory Services, LLC (0001585822)||370||-||68,953||(1,465)|
|Held by Top 29||314,556||0.05||58.6 million|
*Note: Unrealised profit/(loss) is computed on the basis of ETFs held at end of quarter times current price of $US182.4 less price at end of quarter of $US186.36.
6.2 Major Increases in Top 29 institutional shareholders June 30, 2019 vs March 31, 2019
Frontier Investment Management Company increased their shareholding in Invesco QQQ Trust, Series 1 by 3,044 units worth USD 558,200. RETIREMENT INCOME SOLUTIONS, INC increased their shareholding by 2,494 units worth USD 457,342.
|Institution (CIK)||Increase in ETFs||Change, $USD|
|Frontier Investment Management Company (0001316539)||3,044||558,200|
|RETIREMENT INCOME SOLUTIONS, INC (0001730386)||2,494||457,342|
|White Lighthouse Investment Management Inc. (0001727593)||1,470||269,564|
|Capital Investment Advisors, LLC (0001582732)||134||24,573|
|Circle Wealth Management, LLC (0001578242)||12||2,201|
|Blue Edge Capital, LLC (0001599620)||3||550|
6.3 Major Decreases in Top 29 institutional shareholders June 30, 2019 vs March 31, 2019
Swan Global Investments, LLC reduced their shareholding in Invesco QQQ Trust, Series 1 by 6,800 units worth USD 1.2 million. Viridian Ria LLC reduced their shareholding by 6,650 units worth USD 1.2 million.
|Institution (CIK)||Decrease in ETFs||Change, $USD|
|Swan Global Investments, LLC (0001591505)||6,800||(1.2 M)|
|Viridian Ria LLC (0001730068)||6,650||(1.2 M)|
|Genovese Burford & Brothers Wealth & Retirement Plan Management (0001622852)||832||(152,570)|
|Sonora Investment Management, LLC (0001418539)||200||(36,675)|
|Sharkey, Howes & Javer (0001642246)||190||(34,842)|
|Tower View Investment Management & Research LLC (0001729045)||133||(24,389)|
|LeJeune Puetz Investment Counsel LLC (0001698146)||101||(18,521)|
|Colorado Capital Management, Inc. (0001664147)||95||(17,421)|
|Concentric Wealth Management, LLC (0001695345)||30||(5,501)|
6.4 New Entrants in Top 29 institutional shareholders as at June 30, 2019
|Institution (CIK)||ETFs||Value, $USD|
|Cheviot Value Management, LLC (0001427147)||28,079||5.2 M|
|Cypress Capital Management LLC (0001140468)||24,785||4.6 M|
|TOEWS CORP /ADV (0000932000)||19,500||3.6 M|
|HBK Sorce Advisory LLC (0001379995)||15,467||2.9 M|
|Advisory Resource Group (0001764968)||1,422||265,004|
|Cypress Capital Management LLC (WY) (0001633896)||600||111,816|
Invesco QQQ Trust, Series 1 is an exchange-traded fund incorporated in the USA. The Fund represents undivided ownership interests in the PowerShares QQQ. The Fund's objective is to provide investment results that generally correspond to the price and yield performance of the component securities of the Nasdaq 100 Index.
Invesco QQQ Trust, Series 1 (NASDAQ:QQQ)
|Inception Date||March 10, 1999|
|Expense Ratio||0.2% of average net assets|
|Fund Family Name||Invesco PowerShares|
|Index Tracked||NASDAQ-100 Index|
|Asset Class||Equity ETF|
7.3 Contact details
|Physical Address||INVESCO POWER SHARES CAPITAL MGMT LLC, 300 WEST ROOSEVELT ROAD 9513 Key West Ave. WHEATON, IL 60187 United States|
7.4 ETF Summary
|Volume Index (1 is avg)||0.5|
|Market Cap||$US73.6 billion|
|Day's Range||187.50 - 188.83|
|52-Week Range||142.88 - 195.42|
|Relative Strength (3 mo)||67|
7.5 Management Fees
+ The management fee is 0.2% of total assets
|Dividend Date:||June 24, 2019|
TOP HOLDINGS & PORTFOLIO ALLOCATION
9.1 Top Holdings (July 31, 2019)
|Cisco Systems Inc||2.8|
9.2 Sector Breakdown (May 31, 2019)
9.3 Market Cap Breakdown (June 03, 2019)