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.

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Source Fool.com