Please note: like most trading venues, we display the current mid-market rates in our price charts. When you trade, you get the current bid or ask price depending on whether you are buying or selling. There is always a slight difference between the mid-market and the current bid or ask prices. This is a natural result of how Exchange order books work.
What is QQQ?
Synonymous with technology, the Invesco QQQ Trust is an exchange-traded fund that trades nonstop, daily, like a stock. It comprises the 100 largest Nasdaq companies, ex-financials, including Apple (APPL), Microsoft (MSFT) and Amazon (AMZN).
This well-known ETF, often nicknamed "triple-Qs" or simply "the cubes,” was previously known as the PowerShares QQQ Trust ETF. It’s also frequently referred to as the “Nasdaq-100,” after the index that it tracks. Ten stocks account for more than half of the passively run vehicle. These include, in addition to those three largest holdings already mentioned, several other household names: Facebook (FB), Tesla (TSLA), Alphabet (GOOGL) and PayPal (PYPL). A smattering of consumer staples and healthcare stocks are also part of the mix.
The fund traces back to March 1999 at the height of the "dot com" bubble. Like the Nasdaq-100 itself, the fund is rebalanced quarterly and reconstituted annually.
For the ten-year period ending Sept. 30, the QQQ has produced an average annualized return of 20%. It has roughly $130 billion in assets (as of mid-November 2020).
How to invest in QQQ Stock with Uphold
Here’s how fast it is to get started:
- Go to Uphold.com and click ‘Sign up’.
- Enter your email address, create a password, and complete an identity check.
- Your account will be activated, and you can start using Uphold.
You can fund your account to buy QQQ stock with your debit card, credit card or bank account, or crypto deposit from seven networks. You can also make payments to vendors in any currency, send money to friends on the other side of the world, and more.
Uphold’s ‘Anything-to-Anything’ trading experience makes any currency exchange a seamless process, all commission-free.
Simply put, there’s no easier way to buy crypto, metals, equities, and more.
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