Meridian Management Co. Has $1.64 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Meridian Management Co. boosted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 3,361 shares of the exchange traded fund’s stock after buying an additional 21 shares during the period. Meridian Management Co.’s holdings in Invesco QQQ were worth $1,640,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Invesco QQQ in the first quarter worth $28,000. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the second quarter valued at about $30,000. Chelsea Counsel Co. acquired a new position in shares of Invesco QQQ during the first quarter valued at about $40,000. CGC Financial Services LLC grew its holdings in shares of Invesco QQQ by 736.4% during the second 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 last quarter. Finally, PFG Private Wealth Management LLC grew its holdings in shares of Invesco QQQ by 572.2% during the second quarter. PFG Private Wealth Management LLC now owns 121 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 103 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

Shares of NASDAQ QQQ opened at $513.84 on Tuesday. The company has a 50-day moving average price of $485.37 and a 200-day moving average price of $472.57. Invesco QQQ has a 1 year low of $375.24 and a 1 year high of $515.58.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco QQQ Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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