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

D Orazio & Associates Inc. trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,130 shares of the exchange traded fund’s stock after selling 2,328 shares during the period. Invesco QQQ comprises approximately 3.1% of D Orazio & Associates Inc.’s holdings, making the stock its 11th largest holding. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $20,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bridge Generations Wealth Management LLC bought a new position in Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Midwest Capital Advisors LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Finally, Banque Transatlantique SA bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $57,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3%

NASDAQ:QQQ opened at $526.96 on Friday. The stock has a 50 day moving average of $492.58 and a 200-day moving average of $502.75. The firm has a market capitalization of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were given a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

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.