Legend Financial Advisors Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ – Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,334 shares of the exchange traded fund’s stock after selling 727 shares during the quarter. Invesco QQQ comprises about 10.2% of Legend Financial Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Legend Financial Advisors Inc.’s holdings in Invesco QQQ were worth $17,920,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Carrera Capital Advisors raised its holdings in Invesco QQQ by 99.3% in the fourth quarter. Carrera Capital Advisors now owns 2,316 shares of the exchange traded fund’s stock worth $1,423,000 after buying an additional 1,154 shares during the last quarter. Flatrock Wealth Partners LLC purchased a new stake in shares of Invesco QQQ during the first quarter valued at approximately $924,000. Hegarty Advisors LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $2,212,000. Ascension Capital Advisors Inc. increased its position in shares of Invesco QQQ by 643.8% during the first quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after acquiring an additional 2,678 shares in the last quarter. Finally, Asset Allocation Strategies LLC bought a new stake in shares of Invesco QQQ during the first quarter valued at approximately $18,142,000. Institutional investors own 44.58% of the company’s stock.
Invesco QQQ Stock Performance
Shares of NASDAQ QQQ opened at $732.07 on Friday. Invesco QQQ has a twelve month low of $555.60 and a twelve month high of $748.65. The company has a 50 day moving average of $712.61 and a 200 day moving average of $664.43.
Invesco QQQ Increases Dividend
Invesco QQQ News Roundup
Here are the key news stories impacting Invesco QQQ this week:
- Positive Sentiment: July inflation data was broadly viewed as benign: core CPI rose 0.2% monthly, while the annual inflation rate was 3.4%. The report eased concerns about renewed rate hikes and improved the outlook for growth-stock valuations. S&P500, Nasdaq End Higher As Fresh CPI Data Calms Rate Hike Fears
- Positive Sentiment: Commentary on the Producer Price Index and cooling consumer inflation suggests the Fed has more flexibility to hold rates steady or eventually ease policy. Lower interest rates would generally support QQQ’s technology-heavy portfolio. Producer Price Index Offers Another Respite On Inflation
- Positive Sentiment: Analysts continue to cite AI spending and potential earnings growth as important supports for growth ETFs, including Nasdaq-100 exposure. QQQ may also benefit as investors favor direct equity upside over covered-call products that can lag during strong rallies. GPIQ vs QQQ: What the Rally Lag Actually Costs
- Neutral Sentiment: Broad ETF demand remains strong, with industry assets and monthly inflows reaching records. This supports liquidity and investor interest in ETFs but does not guarantee continued gains for QQQ. Top ETF Launches of Summer 2026
- Negative Sentiment: Risks remain from elevated equity valuations, an all-time-high CAPE ratio, credit-market stress and concerns that slowing AI capital spending could weaken the technology-led rally. Tariff and energy-price pressures could also keep inflation and bond yields high, limiting QQQ’s upside. What An All-Time High CAPE Ratio Implies For Investors
Invesco QQQ Company Profile
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.
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