On Tuesday, approximately 30 exchange-traded funds hit all-time highs. Many of those were ETFs that have come to market this year, but there were seasoned veterans among the group as well, with one of the notables being the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ), the NASDAQ-100 tracking ETF.
That's right. Partying like it's 1999, QQQ, one of the world's largest ETFs, is up a tidy 9 percent over the past month. Year-to-date, QQQ is higher by 11.4 percent, or more than quadruple the returns offered by the S&P 500. Unfortunately, some investors are missing out on the resurgence of the Nasdaq, at least when it comes to QQQ.
A Closer Look AT QQQ
Proving that ETF flows data can sometimes be contrarian indicators, in a year where ETF inflows look poised to eclipse prior records and at a time when ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5959482/qqq-qualifies-for-new-highs-but-some-investors-miss-out alt=QQQ Qualifies For New Highs, But Some Investors Miss Out>Full story available on Benzinga.com
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