ETF Trends CEO Tom Lydon discussed the Invesco QQQ ETF (QQQ) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

This ETF offers exposure to one of the world's most widely-followed equity benchmarks, the NASDAQ, and has become one of the most popular exchange-traded products. The significant average daily trading volumes reflect that QQQ is widely used as a trading vehicle, and less as a components of a balanced long-term strategy. Of course, this fund can certainly be useful as part of a buy-and-hold approach for investors looking to maintain a tilt towards the potentially volatile tech sector.