Invesco QQQ (NASDAQ:QQQ) Shares Sold by D Orazio & Associates Inc.

D Orazio & Associates Inc. lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 5.0% in the first quarter, Holdings Channel.com reports. The fund owned 44,130 shares of the exchange traded fund’s stock after selling 2,328 shares during the quarter. Invesco QQQ comprises about 3.1% of D Orazio & Associates Inc.’s holdings, making the stock its 11th biggest position. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $20,693,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QQQ. Wilkins Miller Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $1,018,000. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the 4th quarter worth about $4,623,000. Finally, Gemsstock Ltd. boosted its stake in shares of Invesco QQQ by 266.4% during the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after acquiring an additional 213,400 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

QQQ opened at $526.96 on Friday. The company has a market cap of $330.22 billion, a PE ratio of 32.66 and a beta of 1.11. The stock has a 50-day moving average of $492.58 and a 200-day moving average of $502.75. 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 announced a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.