Meridian Financial Partners LLC Trims Position in Invesco QQQ (NASDAQ:QQQ)

Meridian Financial Partners LLC trimmed its stake in Invesco QQQ (NASDAQ:QQQ) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,743 shares of the exchange traded fund’s stock after selling 65 shares during the period. Meridian Financial Partners LLC’s holdings in Invesco QQQ were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in QQQ. Legacy Bridge LLC grew its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas purchased a new stake in shares of Invesco QQQ in the 3rd quarter worth $62,000. Pacifica Partners Inc. bought a new position in shares of Invesco QQQ during the 4th quarter worth $73,000. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of Invesco QQQ by 75.9% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 146 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 63 shares during the period. Finally, Providence Capital Advisors LLC bought a new stake in shares of Invesco QQQ in the second quarter valued at about $76,000. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

Shares of QQQ opened at $505.08 on Wednesday. The company has a 50 day moving average price of $515.57 and a 200-day moving average price of $491.47. Invesco QQQ has a fifty-two week low of $402.92 and a fifty-two week high of $539.15.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 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.