500 Shares in Invesco QQQ $QQQ Bought by Gordian Capital Singapore Pte Ltd

Key Points

• Gordian Capital Singapore Pte Ltd has invested approximately $234,000 in 500 shares of Invesco QQQ, marking a new position in the exchange-traded fund (ETF).
• Other institutional investors have also increased their stakes in Invesco QQQ, with Safe Harbor Fiduciary LLC growing its holdings by 1,050.1% during the same quarter.
• The ETF declared a quarterly dividend of $0.5911 per share, resulting in a 0.4% annualized dividend yield.

Gordian Capital Singapore Pte Ltd bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 500 shares of the exchange traded fund's stock, valued at approximately $234,000.

Several other institutional investors have also recently made changes to their positions in the company. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. grew its position in Invesco QQQ by 2.6% during the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after buying an additional 21 shares during the period. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% during the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after buying an additional 21 shares during the period. Cutler Investment Counsel LLC grew its position in Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after buying an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC grew its position in Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after buying an additional 22 shares during the period. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ traded down $6.68 during trading on Monday, hitting $570.40. 55,870,652 shares of the company traded hands, compared to its average volume of 44,778,712. Invesco QQQ has a one year low of $402.39 and a one year high of $583.32. The stock's fifty day moving average is $562.24 and its 200 day moving average is $517.17.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 23rd.

Invesco QQQ 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.