Invesco PowerShares changed the ticker symbol on its popular Nasdaq-100 ETF, the PowerShares QQQ Trust (NasdaqGM:QQQ) to "QQQ" from "QQQQ," so that the fund's name matches its ticker.
The change is effective on March 23, 2011, the company said in a press release.
"The PowerShares QQQ will continue to trade on the NASDAQ exchange and all other attributes of the fund remain unchanged," Wheaton, Ill.-based PowerShares said in the prepared statement.
The "Q's," as it is called by ETF industry insiders, had turnover of almost $1.052 trillion in all of 2010, making it the third-most-liquid fund in the U.S. ETF universe after the large-cap SPDR S&P 500 ETF (NYSEArca:SPY) and the small-cap iShares Russell 2000 Index Fund (NYSEArca:IWM), according to data compiled by IndexUniverse. It had assets of $22.74 billion as of March 22.
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