Invesco QQQ (QQQ) Sells Apple and NVIDIA on Oct. 30

This article first appeared on GuruFocus .

Invesco QQQ Trust ( QQQ ) was alone in selling, with no ETFs buying, in the latest ETF activity . The $463.83 billion fund traded $448.2 million gross, all of it sales, for a net outflow of $448.2 million. It decreased all 101 positions and increased none.

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What did QQQ sell on Friday?

Its largest sells by dollar value were AAPL ($36.7 million), NVDA ($36.0 million) and MSFT ($28.3 million).

The largest sells were Apple Inc ( AAPL ) at -$36.7 million, NVIDIA Corp ( NVDA ) at -$36.0 million and Microsoft Corp ( MSFT ) at -$28.3 million. Micron Technology Inc ( MU ) followed at -$20.1 million and Amazon.com Inc ( AMZN ) at -$18.9 million. None of the trades was a new position or a full exit.

How does QQQ invest?

QQQ is an equity fund holding 101 stocks, with 46.7% of assets in its 10 largest holdings. Technology accounts for 57.9% of classified stocks, Communication Services 11.1% and Consumer Cyclical 11.0%, and the mix is 100.0% large cap. Its expense ratio is 0.18%, and top holdings include Apple Inc at 8.18%, NVIDIA Corp at 8.02%, Microsoft Corp at 6.31%, Micron Technology Inc at 4.49% and Amazon.com Inc at 4.22%. It has a GF Score of 88, a P/E of 28.72, a P/B of 6.99, a dividend yield of 0.44% and a year-to-date return of 11.25%.

INVESCO QQQ Trust ( NASDAQ:QQQ ) at a glance

See the full INVESCO QQQ Trust profile , or compare it with similar funds in the ETF Screener . Its biggest sell this time, AAPL, has its own GF Value page and stock summary .

What should investors watch next for QQQ?

Watch whether QQQ continues trimming every holding or resumes adding positions at its next holdings update. The size of any further Apple and NVIDIA sales will also be worth tracking.