Gordian Capital Singapore Pte Ltd purchased a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 3,000 shares of the exchange traded fund's stock, valued at approximately $1,801,000. Invesco QQQ comprises 2.4% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 12th largest holding.
A number of other hedge funds also recently modified their holdings of the stock. Nemes Rush Group LLC increased its holdings in Invesco QQQ by 0.8% in the 3rd quarter. Nemes Rush Group LLC now owns 2,259 shares of the exchange traded fund's stock worth $1,356,000 after acquiring an additional 19 shares during the last quarter. Financial Life Planners lifted its holdings in Invesco QQQ by 3.3% during the third quarter. Financial Life Planners now owns 50,928 shares of the exchange traded fund's stock valued at $30,575,000 after purchasing an additional 1,641 shares during the last quarter. FourThought Financial Partners LLC boosted its position in Invesco QQQ by 4.6% during the third quarter. FourThought Financial Partners LLC now owns 11,607 shares of the exchange traded fund's stock worth $6,969,000 after purchasing an additional 508 shares during the period. Claret Asset Management Corp boosted its position in Invesco QQQ by 84.3% during the third quarter. Claret Asset Management Corp now owns 811 shares of the exchange traded fund's stock worth $487,000 after purchasing an additional 371 shares during the period. Finally, Capital Group Private Client Services Inc. increased its stake in shares of Invesco QQQ by 19.0% in the third quarter. Capital Group Private Client Services Inc. now owns 8,170 shares of the exchange traded fund's stock worth $4,892,000 after purchasing an additional 1,303 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
More Invesco QQQ News
Here are the key news stories impacting Invesco QQQ this week:
Invesco QQQ Stock Performance
Shares of QQQ stock opened at $607.77 on Wednesday. The firm's 50 day moving average is $614.12 and its 200 day moving average is $608.35. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $637.01.
Invesco QQQ Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were issued a $0.7941 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ's previous quarterly dividend of $0.69. This represents a $3.18 dividend on an annualized basis and a dividend yield of 0.5%.
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Invesco QQQ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.
While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.