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'Q’s' Nasdaq ETF Ticker Changes to 'QQQ'

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.

Don't forget to check IndexUniverse.com's ETF Data section.

Copyright ® 2011 Index Publications LLC . All Rights Reserved.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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