Invesco QQQ

QQQ, the Invesco QQQ Trust, a passively managed fund holding the Nasdaq-100, the hundred largest non-financial companies listed on Nasdaq. Leaving financials out produces an index dominated by technology and consumer names, and holdings are weighted by market value, so the biggest of those companies move it most. The fund launched in 1999, at the height of the dot-com boom. QQQ on Robinhood Chain is a Robinhood Stock Token, a tokenised debt security issued by Robinhood Assets (Jersey) Limited and backed by Invesco QQQ Trust shares held in custody at Alpaca Securities.