D Orazio & Associates Inc. Trims Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

D Orazio & Associates Inc. trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,458 shares of the exchange traded fund’s stock after selling 1,008 shares during the period. Invesco QQQ makes up approximately 3.5% of D Orazio & Associates Inc.’s holdings, making the stock its 11th largest position. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $23,750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 45 shares in the last quarter. BNP Paribas bought a new stake in Invesco QQQ in the 3rd quarter worth about $62,000. Brooklyn Investment Group purchased a new position in Invesco QQQ in the 4th quarter worth about $69,000. Finally, Pacifica Partners Inc. bought a new position in Invesco QQQ during the 4th quarter valued at about $73,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

Shares of QQQ stock opened at $522.92 on Friday. The company has a 50 day moving average price of $521.00 and a 200-day moving average price of $495.29. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $539.15.

Invesco QQQ Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.