Gordian Advisors LLC Purchases 82 Shares of Invesco QQQ $QQQ

Gordian Advisors LLC raised its position in shares of Invesco QQQ (NASDAQ:QQQ) by 13.1% in the second quarter, Holdings Channel reports. The fund owned 710 shares of the exchange traded fund’s stock after buying an additional 82 shares during the quarter. Invesco QQQ comprises approximately 0.3% of Gordian Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Gordian Advisors LLC’s holdings in Invesco QQQ were worth $392,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the second quarter valued at about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the first quarter valued at about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the first quarter valued at about $51,000. Blume Capital Management Inc. lifted its stake in shares of Invesco QQQ by 105.0% in the first quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 2,536 shares during the period. Finally, Atlantic Private Wealth LLC lifted its stake in shares of Invesco QQQ by 3,000.0% in the first quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 2.1%

NASDAQ QQQ opened at $602.01 on Tuesday. The firm has a 50-day simple moving average of $584.64 and a 200 day simple moving average of $537.61. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $613.18.

Invesco QQQ Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be given a $0.694 dividend. This represents a $2.78 annualized dividend and a yield of 0.5%. This is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Monday, September 22nd.

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.