The Invesco QQQ ETF, which tracks the Nasdaq 100 index, has crashed this year and moved into a correction after falling by over 12.8% from its highest level this year. It plunged to a low of $471, its lowest level since September last year.

For growth investors who just aren’t satisfied with the technology exposure provided by the S&P 500, there’s the Invesco QQQ Trust (NASDAQ:QQQ). Undoubtedly, the QQQ is a popular option for young passive investors who believe in emerging tech themes and actively seek out more of an overweight position to the mega-cap innovators that have already

A stock market correction happens when a major index falls between 10% and 20% of recent highs, and that's exactly what has happened with the Nasdaq Composite, which is down over 9% year to date and over 13% from its Dec. 16 high (as of March 10).

The Invesco QQQ ETF has plunged and moved below the 200-day moving average as concerns about the equities market rose. The fund, which tracks the popular Nasdaq 100 index, dropped to a low of $480, down by almost 10% from its highest level this year.