5 Best NASDAQ ETFs

In this article, we discuss 5 best NASDAQ ETFs. If you want to read our detailed discussion on the performance of the NASDAQ index, head directly to 12 Best NASDAQ ETFs. 

5. Invesco QQQ Trust (NASDAQ:QQQ)

5-Year Performance as of August 18: 96.50%

Invesco QQQ Trust (NASDAQ:QQQ) provides access to companies leading in revolutionary, innovative trends like Augmented Reality, Cloud Computing, Big Data, Mobile Payments, Streaming Services, Electric Vehicles, and other similar themes. As of August 16, 2023, Invesco QQQ Trust (NASDAQ:QQQ)’s assets under management amounted to $197.22 billion, along with an expense ratio of 0.2%. Its portfolio consists of 101 consists. Invesco QQQ Trust (NASDAQ:QQQ) is one of the best NASDAQ ETFs to invest in. 

Meta Platforms, Inc. (NASDAQ:META) is one of the top holdings of Invesco QQQ Trust (NASDAQ:QQQ). On July 26, Meta Platforms, Inc. (NASDAQ:META) reported a Q2 GAAP EPS of $2.98 and a revenue of $32 billion, outperforming Wall Street estimates by $0.07 and $970 million, respectively. 

According to Insider Monkey’s second quarter database, Meta Platforms, Inc. (NASDAQ:META) was part of 225 hedge fund portfolios, compared to 220 in the prior quarter. Chase Coleman’s Tiger Global Management is a significant position holder in the company, with 8.5 million shares worth $2.45 billion. 

Weitz Partners III Opportunity Fund made the following comment about Meta Platforms, Inc. (NASDAQ:META) in its second quarter 2023 investor letter:

“Meta Platforms, Inc. (NASDAQ:META) shares more than doubled this year (and tripled off their November 2021 low) as management’s austerity measures bolstered profitability, and operating results demonstrated that Meta’s advertising business is regaining momentum. We trimmed several of the year’s winners on strength, including Meta, Microsoft, Alphabet, CoStar Group, Inc. (CSGP), and CarMax.”