Legacy Financial Group Inc. Has $1.59 Million Holdings in Invesco QQQ $QQQ

Legacy Financial Group Inc. lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 114.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,154 shares of the exchange traded fund’s stock after purchasing an additional 1,151 shares during the quarter. Invesco QQQ accounts for about 0.4% of Legacy Financial Group Inc.’s portfolio, making the stock its 15th biggest position. Legacy Financial Group Inc.’s holdings in Invesco QQQ were worth $1,586,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund’s stock worth $19,605,000 after buying an additional 4,989 shares during the period. Revolve Wealth Partners LLC raised its position in Invesco QQQ by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund’s stock valued at $2,687,000 after buying an additional 176 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in Invesco QQQ in the 2nd quarter valued at approximately $290,000. Wealth Group Ltd. boosted its position in Invesco QQQ by 283.7% during the 2nd quarter. Wealth Group Ltd. now owns 24,629 shares of the exchange traded fund’s stock worth $13,587,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Invesco QQQ by 1,057.3% during the 2nd quarter. Invesco Ltd. now owns 33,063 shares of the exchange traded fund’s stock worth $18,239,000 after acquiring an additional 30,206 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.1%

NASDAQ QQQ opened at $711.37 on Thursday. The firm’s 50 day moving average is $712.40 and its 200-day moving average is $670.49. Invesco QQQ has a 12-month low of $555.60 and a 12-month high of $748.65.

Invesco QQQ Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were given a $0.8135 dividend. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $3.25 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco QQQ News Summary

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

• Positive Sentiment: Technology stocks benefited early in the session as chip shares recovered and equity futures moved higher. Because QQQ is heavily weighted toward large-cap technology companies, improved semiconductor sentiment and expectations surrounding upcoming Nvidia results provided support. Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover
• Positive Sentiment: Investor interest in AI infrastructure remains a tailwind for QQQ’s underlying holdings. A newly launched “neocloud” ETF highlights strong demand for companies supplying AI computing capacity, while QQQ provides indirect exposure through major technology companies that purchase and use that infrastructure. Wall Street Just Invented the Neocloud ETF
• Neutral Sentiment: QQQ’s short-interest data showed no meaningful short position, indicating that short covering is unlikely to be a material driver of the fund’s recent move.
• Neutral Sentiment: Technical analysis identifies substantial support near 700, which could help limit downside, but also notes that QQQ remains in a negative-gamma regime that may amplify volatility around key levels. QQQ is Still in a Negative Gamma Regime
• Negative Sentiment: Broad-market ETFs declined after midday, suggesting that profit-taking and macroeconomic caution overshadowed the earlier technology rebound. Exchange-Traded Funds Fall as US Equities Decline After Midday
• Negative Sentiment: Investors are awaiting inflation data, including the PCE price index. A hotter-than-expected reading could push interest rates higher, pressure high-growth technology valuations, and weigh on QQQ. Concerns about elevated government debt and concentrated earnings growth add to the risk backdrop.

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.