17,856 Shares in Invesco QQQ $QQQ Bought by Legacy Wealth Partners LLC

Key Points

• Legacy Wealth Partners LLC bought 17,856 shares of Invesco QQQ in the third quarter, worth approximately $13.2 million and representing 2.9% of its portfolio. Other institutional investors also increased their holdings, with institutions collectively owning 44.58% of QQQ.
• QQQ shares fell 2.5% to $709.80, though they remain between a 52-week low of $555.60 and high of $762.86. The fund also reduced its quarterly dividend to $0.7514 from $0.8135, producing an annualized yield of about 0.4%.
• Market risks include weak breadth, rotation away from technology, rising yields and liquidity concerns, while QQQ’s concentrated exposure to large technology and AI stocks could amplify the impact of a correction.

Legacy Wealth Partners LLC purchased a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 17,856 shares of the exchange traded fund's stock, valued at approximately $13,209,000. Invesco QQQ comprises about 2.9% of Legacy Wealth Partners LLC's investment portfolio, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. KOM Wealth Management Group LLC boosted its position in Invesco QQQ by 33.9% in the third quarter. KOM Wealth Management Group LLC now owns 403 shares of the exchange traded fund's stock valued at $298,000 after buying an additional 102 shares in the last quarter. NFSG Corp grew its stake in shares of Invesco QQQ by 2.6% during the third quarter. NFSG Corp now owns 28,881 shares of the exchange traded fund's stock worth $21,366,000 after buying an additional 726 shares during the last quarter. Activest Wealth Management grew its stake in shares of Invesco QQQ by 1.7% during the third quarter. Activest Wealth Management now owns 88,910 shares of the exchange traded fund's stock worth $65,773,000 after buying an additional 1,496 shares during the last quarter. SLT Holdings LLC grew its stake in shares of Invesco QQQ by 6.1% during the third quarter. SLT Holdings LLC now owns 2,742 shares of the exchange traded fund's stock worth $2,028,000 after buying an additional 157 shares during the last quarter. Finally, Summit Financial Consulting LLC increased its holdings in shares of Invesco QQQ by 14.8% during the third quarter. Summit Financial Consulting LLC now owns 342 shares of the exchange traded fund's stock worth $253,000 after buying an additional 44 shares in the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Down 2.5%

Shares of NASDAQ:QQQ traded down $18.20 during trading on Friday, hitting $709.80. 66,648,057 shares of the company were exchanged, compared to its average volume of 35,061,504. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $762.86. The business's 50 day moving average is $726.69 and its 200-day moving average is $703.31.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Monday, September 21st were given a $0.7514 dividend. This is a drop from Invesco QQQ's previous quarterly dividend of $0.8135. This represents a $3.01 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, September 21st.

Key Stories Impacting Invesco QQQ

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

• Positive Sentiment: Some analysts argue that the recent market washout could set the stage for a year-end rally, while a recession is not yet viewed as the base case. This provides a potential recovery catalyst for QQQ’s growth-oriented holdings. Why This Market Washout Will Spark a Year-End Rally
• Positive Sentiment: September inflation was elevated, but commentary continues to suggest that an October Federal Reserve rate hike is unlikely. Avoiding an immediate rate increase could support valuations for technology shares. September CPI: Sticky Inflation, But An October Hike Remains Unlikely
• Neutral Sentiment: QQQ reportedly sold NVIDIA and Apple shares on October 14. The transactions may reflect routine index rebalancing or portfolio-weight changes, but they highlight the fund’s sensitivity to movements in its largest technology holdings. Invesco QQQ Trust Sells NVIDIA and Apple
• Neutral Sentiment: QQQ excludes banks and other financial companies because the Nasdaq-100 prohibits financial firms. That creates concentrated exposure to technology and communications stocks, rather than providing broad-sector diversification. Invesco QQQ Doesn't Own a Single Bank
• Negative Sentiment: U.S. equities and exchange-traded funds weakened during the session, following a sharp overseas selloff. Because QQQ tracks large Nasdaq-listed companies, broad risk reduction is directly pressuring the fund. Exchange-Traded Funds Drop as US Equities Fall
• Negative Sentiment: Investor concerns include a potential liquidity drain, rising Treasury yields, midterm-election volatility, and an AI-related credit squeeze. These factors can weigh disproportionately on QQQ’s high-valuation growth holdings. A Massive Liquidity Drain Is About To Hit The Market
• Negative Sentiment: Analysts are warning that AI enthusiasm may represent several bubbles vulnerable to bursting. A correction in AI leaders such as NVIDIA could have an outsized impact on QQQ. AI Bubble: Three Bubbles Ready to Burst
• Negative Sentiment: QQQ’s failed breakout, weak market breadth, and rotation into utilities, consumer staples, and energy suggest that investors are moving away from growth and technology stocks. Failed Breakout in Tech

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.

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