“QQQ also offers exposure to leading Nasdaq-listed biotech and consumer discretionary firms and tracks the cap-weighted Nasdaq-100 Index, which includes the 100 largest nonfinancial stocks in the Nasdaq Composite Index,” says Morningstar analyst Robert Goldsborough in a profile of the fund. “Given its narrow sector focus, this ETF would work best as a satellite holding in a diversified portfolio.”
Apple shares were up about 18% so far this year heading into Thursday’s action.
PowerShares QQQ
Full disclosure: Tom Lydon’s clients own AAPL.