QQQ Stock Price: Invesco QQQ Holdings, Expense Ratio and QQQM Comparison (2026)

Last Updated: October 29, 2026

Quick Answer: The Invesco QQQ Trust (QQQ) closed at $725.61 on October 28, 2026, according to StockAnalysis data from S&P Global Market Intelligence. That is about 5% below its 52-week high of $762.86, reached intraday on October 6, and about 31% above its 52-week low of $555.60. QQQ tracks the Nasdaq-100 Index, charges a 0.18% expense ratio after converting to an open-end ETF in December 2025, and holds about $476 billion in assets.

Invesco says QQQ was the second most traded ETF in the United States by average daily volume as of June 30, 2026. This guide covers its price, top holdings, costs, the QQQM alternative and the 2026 Nasdaq-100 rule changes that brought in SpaceX.

Key Takeaways

• QQQ closed at $725.61 on October 28, 2026, down about 1.9% in October so far and about 4.5% below its October 6 close of $759.66
• The fund returned about 16.8% over the past year including dividends, as of October 27, according to StockAnalysis
• The top 10 holdings make up about 46.7% of the fund, led by Nvidia (8.0%), Apple (7.8%) and Microsoft (6.1%)
• SpaceX joined the Nasdaq-100 on July 7, 2026, after Nasdaq’s 2026 rule changes, and is now QQQ’s 11th largest holding at about 2.7%
• QQQ’s expense ratio fell from 0.20% to 0.18% when shareholders approved its conversion from a unit investment trust to an open-end ETF; the smaller QQQM charges 0.15%
• QQQ pays a quarterly dividend; the latest was about $0.75 per share, paid on October 8, for a trailing yield of about 0.43%

QQQ Key Data (October 2026)

Sources: price, assets, dividend, valuation and holdings data from StockAnalysis (S&P Global Market Intelligence data), checked October 27 to 29, 2026; expense ratio, inception and trading rank from Invesco. Invesco’s own holdings and performance tables did not load during our check, so the holdings weights below come from StockAnalysis and may differ slightly from Invesco’s daily file.

What Is QQQ?

QQQ is the ticker of the Invesco QQQ Trust, Series 1, a passively managed exchange-traded fund that tracks the Nasdaq-100 Index. The index holds the largest non-financial companies listed on the Nasdaq Stock Market, weighted by market capitalization with caps that limit how much any single company can count. Because banks and other financial companies are excluded, the index leans heavily toward technology, communication services and consumer companies.

The fund launched on March 10, 1999. Invesco describes it as non-diversified, meaning a few very large holdings can drive much of its return, and says the fund and index are rebalanced quarterly and reconstituted once a year.

Is QQQ the same as the Nasdaq? Not exactly. The Nasdaq Composite covers several thousand companies listed on Nasdaq, while QQQ follows only the Nasdaq-100. The two usually move in the same direction because the biggest companies dominate both.

QQQ Price and Recent Performance

QQQ has spent most of the autumn in a range between about $700 and $760:

• August to mid-September: the fund moved between about $704 and $721.
• Late September to early October: it climbed to a close of $759.66 on October 6, the same day it reached its 52-week intraday high of $762.86.
• Mid to late October: it fell to $704.40 on October 23, about 7% below the October 6 close, before recovering to $725.61 on October 28.

Over the 50 trading days to October 28, QQQ moved an average of about 0.8% a day, for annualized volatility of about 17%, based on our calculation from daily closes. Since our May 6 update, when QQQ traded at $681.61, the price has risen about 6.5%.

Invesco reports that QQQ ranked third of 399 large-cap growth funds, in the top 1%, for 15-year total return, according to Lipper as of June 30, 2026. Past performance does not predict future results: the Nasdaq-100 Index fell about 83% from its March 2000 peak to its October 2002 low, and QQQ fell sharply again in 2022.

QQQ Top Holdings and Weights

Weights as of October 28, 2026, per StockAnalysis holdings data. Holdings change daily.

The 10 largest positions add up to about 46.7% of the fund, and Alphabet’s two share classes together account for about 5.7%. Semiconductor companies stand out in 2026: Micron, AMD and Intel (2.1%) now sit near the top alongside Nvidia, reflecting heavy spending on AI data centers. Outside technology, Walmart (2.5%) and Costco (1.9%) are among the largest consumer holdings, and Palantir (1.9%) ranks 15th.

Expense Ratio, AUM and Dividend

Expense ratio. QQQ charges 0.18% a year, or about $18 on every $10,000 invested. The fee was 0.20% until shareholders approved Invesco’s proposal to convert the fund from a unit investment trust into an open-end ETF. Invesco says the change is now in effect, that the fund still tracks the Nasdaq-100 with the same team and that the conversion did not trigger tax consequences for shareholders. According to the fund’s SEC filings, QQQ was reclassified as an open-end fund effective after the market close on December 19, 2025, and its new prospectus is dated December 22, 2025.

Assets. StockAnalysis puts QQQ’s assets at about $475.9 billion, with about 675.6 million shares outstanding, as of October 27. That makes it one of the largest ETFs in the world.

Dividend. QQQ passes through the dividends of its holdings each quarter. The latest payment of $0.75143 per share went ex-dividend on September 21 and was paid on October 8, 2026. Total payments of about $3.09 over the past 12 months give a trailing yield of about 0.43%, low because many of the fund’s largest companies pay small dividends or none.

QQQ vs QQQM: Which Is Cheaper?

The Invesco Nasdaq 100 ETF (QQQM) tracks the same index with the same holdings. The main differences are cost, share price and trading activity:

Source: StockAnalysis; QQQ price is the October 28, 2026 close, QQQM price is from October 27 intraday trading, and other figures are as of October 27, 2026.

On $10,000, QQQM costs about $15 a year against $18 for QQQ. Buy-and-hold investors often prefer QQQM for that reason, while active traders favor QQQ for its far larger volume and deep options market. Leveraged and inverse products such as TQQQ and SQQQ reset daily and can lose value over time even when the index rises, so they are not substitutes for QQQ.

Nasdaq-100 Reconstitution and 2026 Rule Changes

Nasdaq changed the Nasdaq-100 methodology in 2026 after a public consultation. According to Nasdaq’s index FAQ on the changes:

• Fast entry: from May 1, 2026, a newly listed company that ranks in the top 40 by market value can join after 15 trading days instead of waiting through the usual seasoning period.
• Low-float weighting: a company’s weight is capped at three times its free float, and companies with float above 33.3% are weighted at full listed market value. The old 10% minimum float requirement was removed.
• Total market cap for ranking: from the June 22 quarterly review, eligibility and ranking use total market value, including unlisted share classes, while weights still use listed shares only.
• Quarterly reviews: the old 10 basis point rule ended on May 1; at quarterly reviews, companies ranked outside the top 125 are removed or replaced.

SpaceX was the first high-profile addition after the changes. Nasdaq announced on June 26, 2026 that Space Exploration Technologies Corporation (SPCX), a new Nasdaq listing, would join the Nasdaq-100 before the market opened on July 7, 2026. Because of the low-float cap, its weight in QQQ is about 2.7% even though it is a very large company by total market value.

Annual reconstitution. The full annual review is expected in December, per Nasdaq’s usual schedule, with changes typically taking effect after the third Friday of the month. Nasdaq had not announced the 2026 dates at the time of writing. Companies that fall outside the eligible ranks are replaced, and QQQ adjusts its holdings to match.

Risks to Consider

• Concentration: about 47% of the fund sits in 10 companies, many of them tied to AI spending.
• Valuation: a trailing P/E near 29 leaves less room for disappointment than cheaper parts of the market.
• Interest rates: growth stocks tend to come under pressure when bond yields rise.
• Index changes: fast entry rules can bring very large new companies into the fund quickly.

Is QQQ a Good Investment?

That depends on your time horizon and how much volatility you can accept. Supporters point to low costs, deep liquidity and direct exposure to the companies leading AI investment. Critics point to concentration in a handful of stocks and valuations above the broader market. Investors who want wider diversification often compare QQQ with S&P 500 or total market funds; see our SPY stock price guide and VTI stock price guide. We do not set price targets for ETFs. For crypto market forecasts, see our price prediction hub. Some crypto platforms now offer tokenized versions of U.S. stocks and ETFs; our guides explain what tokenized stocks are and where to buy tokenized stocks.

Frequently Asked Questions

What is the QQQ stock price today?
QQQ closed at $725.61 on October 28, 2026, according to StockAnalysis data. Over the past year it has traded between $555.60 and $762.86, with the high reached intraday on October 6. The price changes throughout each trading session, so check a live quote from Nasdaq or your broker before buying or selling. As of October 27, QQQ’s one-year total return was about 16.8%.

What does QQQ track?
QQQ tracks the Nasdaq-100 Index, which holds the largest non-financial companies listed on the Nasdaq Stock Market, weighted by market value with caps on the largest names. In late October 2026 the fund held 104 securities, because some companies have more than one share class. Technology and semiconductor companies dominate, and banks and other financial firms are excluded by design.

What is QQQ’s expense ratio?
QQQ’s expense ratio is 0.18%, or about $18 a year for every $10,000 invested. It was 0.20% until shareholders approved converting the fund from a unit investment trust into an open-end ETF, a change that took effect in December 2025. The sister fund QQQM, which holds the same stocks, charges 0.15%, making it the cheaper choice for long-term holders.

What are QQQ’s biggest holdings?
As of October 28, 2026, QQQ’s largest holdings were Nvidia at about 8.0%, Apple at 7.8%, Microsoft at 6.1%, Micron at 4.7% and Amazon at 4.2%, according to StockAnalysis data. AMD, Tesla, Alphabet’s two share classes and Meta complete the top 10, which together make up about 46.7% of the fund. SpaceX ranks 11th at about 2.7%.

What is QQQM and how does it differ from QQQ?
QQQM is the Invesco Nasdaq 100 ETF, launched in October 2020. It tracks the same index and holds the same stocks as QQQ but charges 0.15% instead of 0.18% and trades at a lower share price, about $297 in late October. QQQ is much larger, at about $476 billion in assets, and trades far more, which suits active traders and options users.

Does QQQ pay dividends?
Yes. QQQ pays a dividend every quarter from the dividends its holdings pay. The latest payment of about $0.75 per share went ex-dividend on September 21, 2026 and was paid on October 8. Payments over the past 12 months totaled about $3.09 per share, a yield of roughly 0.43%, because many large technology companies pay little or no dividend.

Is SpaceX in QQQ?
Yes. Nasdaq added Space Exploration Technologies Corporation to the Nasdaq-100 before the market opened on July 7, 2026, after Nasdaq introduced a fast entry rule that lets large new listings join after 15 trading days. Because the index caps the weight of companies with a small free float, SpaceX made up only about 2.7% of QQQ in late October, ranking 11th.

Data sources: StockAnalysis (S&P Global Market Intelligence data) for prices, assets, dividends and holdings, October 27 to 29, 2026; Invesco QQQ fund and proxy vote pages; QQQ summary prospectus supplement filed with the SEC on December 19, 2025; Nasdaq index methodology FAQ (May 2026) and Nasdaq’s June 26, 2026 index announcement. Volatility and percentage changes are our calculations from daily closes.

Nothing in this article is financial advice. Investing in ETFs and stocks carries risk, including the loss of principal.