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What is NASDAQ-100 Index Tracking Stock?

April 26, 2017index nasdaq-100 stock

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What is NASDAQ-100 Index Tracking Stock?

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NASDAQ-100 Index Tracking Stock represents units of beneficial interest in a unit investment trust that holds the component securities of the NASDAQ-100 Index®. NASDAQ-100 Index Tracking Stock trades like shares of common stock and can normally be traded at any time during the trading day on The Nasdaq Stock Exchange. NASDAQ-100 Index Tracking Stock trades under the symbol “QQQQ” and is designed to provide investment results that generally correspond to the performance of the underlying NASDAQ-100 Index.