Keeping Track of the Nasdaq 100 Tracking Stock

I answer one question and I get six more.

Last week I wrote a column explaining how the new Nasdaq 100 tracking stock (QQQ Quote) works. As I have explained before, this trust lets you invest in a collection of stocks -- the Nasdaq 100 -- through a single share of a unit investment trust. But this vehicle is different from other UITs -- or mutual funds for that matter. The shares trade on the American Stock Exchange throughout the course of each trading day, just like a stock.

I covered most of these details in last week's piece, but obviously I left some ground uncovered. I received a handful of questions that were all worth answering. So let's take another look.

Buying Units

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