The Invesco NASDAQ 100 ETF, a major fund designed to track the investment results of the NASDAQ 100 Index, registered slight gains in recent trading. The fund closed at $252.00, an increase of $0.24 (0.10%) for the session, after opening at $251.79. Trading volume kept the ETF within a defined daily range of $250.86 to $252.17.
This movement places the fund just shy of its 52-week high of $252.42, highlighting a strong upward trend from its 52-week low of $165.72. The ETF, which invests at least 90% of its assets in the 100 largest non-financial companies listed on the Nasdaq, remains a popular vehicle for investors, managing $63.393 billion in total net assets. The fund maintains a net expense ratio of 0.15% and currently offers a yield of 0.49%.
Nasdaq Inc. Surpasses Quarterly Estimates
In related news, Nasdaq Inc. (NASDAQ: NDAQ), the company that operates the exchange and licenses the index, reported strong third-quarter financial results that beat analyst expectations. The company posted earnings per share (EPS) of $0.88, which was $0.03 higher than the consensus analyst estimate of $0.85.
Revenue for the quarter also came in strong, reaching $1.35 billion. This figure comfortably surpassed the average Wall Street forecast, which had anticipated revenue of $1.30 billion.
NDAQ Stock Performance and Analyst Outlook
Following the earnings report, shares of Nasdaq Inc. finished the official trading day at $88.86. The stock’s performance has been mixed in the short term, showing a 4.96% decline over the last three months. However, the 12-month picture remains positive, with the stock registering a gain of 19.61% over the past year.
Analyst sentiment leading up to the report has been decidedly bullish. In the last 90 days, Nasdaq Inc. has received 13 positive EPS revisions from market analysts, with zero negative revisions during the same period. This positive outlook is bolstered by analysis from InvestingPro, which currently rates Nasdaq Inc.’s financial health as “good” based on its latest financial metrics.
AI Strategies Eye Tech Sector Performance
The performance of tech-focused entities like Nasdaq is closely watched by advanced, AI-driven investment models. For instance, the ProPicks AI platform continuously scans thousands of stocks, evaluating them against over 100 institutional metrics to identify potential opportunities.
Its “Tech Stars” strategy, which focuses on the technology sector, has notably doubled the return of the S&P 500 over the last 18 months. This outperformance was driven by identifying significant winners, including Super Micro Computer (+185%) and AppLovin (+157%), demonstrating how AI is being used to find growth opportunities in the market.
