Why Invesco QQQ ETF Jumped 38.7% in the First Half of 2023
The Invesco QQQ (NASDAQ: QQQ) exchange-traded fund (ETF) soared in the first of the year, gaining 38.7% year to date through June 30, according to S&P Global Market Intelligence. As of July 14, the ETF was up about 42% YTD, trading at roughly $379 per share.
The ETF topped the S 500, which was up 15.9%, and the Nasdaq Composite, which gained 32% through the first half.
There is no great mystery why the Invesco QQQ performed so well in the first half of the year. As an ETF that tracks the Nasdaq 100 Index, it enjoyed the ride while technology stocks had a huge resurgence in the first two quarters of 2023.
Source Fool.com
Invesco Ltd. Stock
€14.26
-0.010%
Currently there is a rather positive sentiment for Invesco Ltd. with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 18 € shows a positive potential of 26.23% compared to the current price of 14.26 € for Invesco Ltd..
