Is the Invesco QQQ ETF a Millionaire Maker?
The Invesco QQQ (NASDAQ: QQQ) has been one of the best-performing index-based exchange-traded funds (ETFs) over the years. The ETF tracks the popular Nasdaq-100 index, which consists of the 100 largest stocks that trade on the Nasdaq stock exchange.
The Invesco QQQ proudly boasts that it has outperformed the S 500 by more than 400 percentage points since its launch in 1999, but is that enough for the ETF to be a millionaire maker? Let's find out.
An investment in the Invesco QQQ is largely an investment in the technology sector. Approximately 60% of the ETF's holdings are classified as being technology stocks. That's not a bad thing, as technology companies have been leading the way in the market for the past few decades.
Source Fool.com
Invesco Ltd. Stock
€22.37
1.150%
We see a rather positive sentiment for Invesco Ltd. with 10 Buy predictions and 2 Sell predictions.
On the other hand, the target price of 21 € is below the current price of 22.37 € for Invesco Ltd., so the potential is actually -6.1%.
