1,808 Shares in Invesco QQQ (NASDAQ:QQQ) Acquired by Meridian Financial Partners LLC

Meridian Financial Partners LLC bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,808 shares of the exchange traded fund’s stock, valued at approximately $882,000.

Other institutional investors have also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Invesco QQQ in the first quarter valued at approximately $28,000. Mechanics Financial Corp purchased a new position in shares of Invesco QQQ during the 2nd quarter worth $30,000. Chelsea Counsel Co. acquired a new stake in shares of Invesco QQQ in the first quarter worth approximately $40,000. CGC Financial Services LLC grew its stake in shares of Invesco QQQ by 736.4% during the 2nd quarter. CGC Financial Services LLC now owns 92 shares of the exchange traded fund’s stock valued at $44,000 after buying an additional 81 shares during the period. Finally, CarsonAllaria Wealth Management Ltd. grew its position in Invesco QQQ by 30.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 103 shares of the exchange traded fund’s stock valued at $46,000 after acquiring an additional 24 shares during the period. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.7 %

Shares of NASDAQ QQQ opened at $494.47 on Friday. Invesco QQQ has a 12-month low of $342.35 and a 12-month high of $503.52. The stock has a fifty day moving average price of $477.68 and a 200 day moving average price of $464.82.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd will be given a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Monday, September 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.