Meridian Wealth Management LLC Cuts Stock Position in Invesco QQQ $QQQ

Meridian Wealth Management LLC lessened its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 162,458 shares of the exchange traded fund’s stock after selling 1,486 shares during the period. Invesco QQQ comprises approximately 3.5% of Meridian Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest position. Meridian Wealth Management LLC’s holdings in Invesco QQQ were worth $99,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC raised its position in Invesco QQQ by 0.5% during the fourth quarter. Fourth Dimension Wealth LLC now owns 8,971 shares of the exchange traded fund’s stock valued at $5,511,000 after acquiring an additional 48 shares in the last quarter. Win Advisors Inc. bought a new position in Invesco QQQ during the fourth quarter valued at approximately $12,482,000. Washington Trust Bank raised its position in Invesco QQQ by 29.6% during the fourth quarter. Washington Trust Bank now owns 1,032 shares of the exchange traded fund’s stock valued at $634,000 after acquiring an additional 236 shares in the last quarter. Rinkey Investments raised its position in Invesco QQQ by 11.2% during the fourth quarter. Rinkey Investments now owns 4,600 shares of the exchange traded fund’s stock valued at $2,826,000 after acquiring an additional 462 shares in the last quarter. Finally, Money Concepts Capital Corp bought a new position in Invesco QQQ during the fourth quarter valued at approximately $42,515,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $713.29 on Tuesday. Invesco QQQ has a 12 month low of $501.48 and a 12 month high of $714.59. The company’s 50 day moving average is $619.92 and its 200-day moving average is $617.47.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.7328 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%.

Trending Headlines about Invesco QQQ

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

• Positive Sentiment: Investors are rotating back into risk assets as cooling Middle East tensions, resilient jobs data, and AI momentum lift sentiment for tech-heavy ETFs like Invesco QQQ Trust (QQQ). Time for Risk-On Trades? ETFs in Focus
• Positive Sentiment: Market coverage highlighted that broad market ETFs were moving higher and that the Nasdaq/tech complex was holding up well, which is constructive for QQQ because it tracks the Nasdaq 100. Exchange-Traded Funds Higher, US Equities Mixed After Midday
• Positive Sentiment: Commentary on “5 ETF Winners of Last Week” pointed to AI euphoria and strong momentum in tech-adjacent markets, a favorable backdrop for QQQ’s large growth-stock exposure. 5 ETF Winners of Last Week
• Neutral Sentiment: Short-interest data showed 0 shares short, offering little meaningful trading signal for QQQ and suggesting no notable bearish pressure from this report.
• Neutral Sentiment: Several market commentaries focused on intraday levels, rally conditions, and cautious optimism, but did not point to a specific company-level catalyst for QQQ.
• Negative Sentiment: One article argued that Asia-linked ETFs are attracting AI-driven flows away from U.S. mega-cap funds such as QQQ, implying some competition for investor attention. Forget SPY and QQQ — these Asia-linked ETFs are stealing the AI mania
• Negative Sentiment: Concerns about a hot CPI print and warnings about “irrational exuberance” could pressure growth stocks if inflation data pushes rates higher or cools risk appetite. A Hot CPI Report May Trigger A Major Market Shift

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.