Novak & Powell Financial Services Inc. Grows Stock Position in Invesco QQQ $QQQ

Novak & Powell Financial Services Inc. lifted its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,629 shares of the exchange traded fund’s stock after purchasing an additional 859 shares during the quarter. Invesco QQQ accounts for about 6.6% of Novak & Powell Financial Services Inc.’s holdings, making the stock its 2nd largest position. Novak & Powell Financial Services Inc.’s holdings in Invesco QQQ were worth $12,672,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQ. Goodman Advisory Group LLC purchased a new position in Invesco QQQ during the third quarter worth about $25,000. Shcp LLC purchased a new position in Invesco QQQ during the third quarter worth about $27,000. Annis Gardner Whiting Capital Advisors LLC grew its position in Invesco QQQ by 2,150.0% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Invesco QQQ during the third quarter worth about $40,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

More Invesco QQQ News

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: QQQ has been rising alongside strength in technology stocks and broader Nasdaq 100 momentum, with market commentary noting institutional order flows favoring tech-related names. Institutional Order Flows Expand As Technology And Aerospace Drive Market Activity
• Positive Sentiment: ETF-focused coverage highlighted that QQQ was already higher in pre-market trading, reflecting continued investor demand for Nasdaq-100 exposure. Why Is Invesco QQQ Trust ETF (QQQ) Rising Today, 5/27/26?
• Positive Sentiment: Market commentary suggested the broader U.S. stock market and Nasdaq 100 were pressing near highs, which typically supports QQQ because it tracks the index’s biggest growth and tech names. Short Sellers Are Betting Record Amounts Against Stocks. But the Market is Rallying On a Potential Deal Between Trump and Iran.
• Neutral Sentiment: Several articles focused on ETF growth, market structure, and comparisons with other growth ETFs rather than on QQQ-specific fundamentals, so their direct impact on the fund is limited. There’s now more ETFs than stocks: What investors should know
• Negative Sentiment: One report flagged a potential structural risk if SpaceX were rapidly added to the Nasdaq-100, which could create index rebalancing pressure and volatility for QQQ holders. SpaceX’s IPO Could Create a Hidden Risk for Nasdaq-100 ETF Investors

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $729.45 on Thursday. Invesco QQQ has a 52 week low of $511.93 and a 52 week high of $733.32. The business has a 50-day simple moving average of $646.52 and a 200 day simple moving average of $625.28.

Invesco QQQ Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.