Why the Invesco QQQ Trust Gained 11% in November
It's rare for an exchange-traded fund (ETF) to move by double digits in a single month, but that's exactly what happened with the Invesco QQQ Trust (NASDAQ: QQQ) in November. The ETF tracks the Nasdaq 100 index, which is made up of the 100 largest non-financial Nasdaq stocks, and rode a rising wave in the tech sector. Much of the ETF is made up of the "Magnificent Seven" stocks: Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla.
For November, the Invesco QQQ Trust finished up 11%, according to data from S&P Global Market Intelligence. As you can see from the chart below, the ETF modestly outpaced the S 500.
Source Fool.com
Invesco Ltd. Stock
€13.52
-1.140%
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 33.14% compared to the current price of 13.52 € for Invesco Ltd..
