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ETF Specialist

PowerShares Changes Ticker Symbol of Tech-Heavy QQQ ETF

One of the most heavily traded ETFs on the market gets its ticker symbol streamlined.

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Invesco PowerShares today changed the ticker symbol of its widely traded, tech-heavy exchange-traded fund  PowerShares QQQ (QQQQ) to QQQ from QQQQ.

Known as the "Cubes," the "Qubes" or the "Qs," the ETF is one of the most heavily traded securities on the planet and is the fourth most actively traded ETF around. The fund tracks the modified market-cap-weighted Nasdaq-100 Index, which contains the Nasdaq Composite Index's 100 largest nonfinancial stocks by market capitalization.

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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.