D Orazio & Associates Inc. Decreases Stock Holdings in Invesco QQQ $QQQ

D Orazio & Associates Inc. lessened its stake in Invesco QQQ (NASDAQ:QQQ) by 15.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,361 shares of the exchange traded fund’s stock after selling 6,769 shares during the period. Invesco QQQ comprises 2.9% of D Orazio & Associates Inc.’s investment portfolio, making the stock its 10th biggest position. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $20,610,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC bought a new position in Invesco QQQ in the second quarter valued at about $30,000. Marshall & Sullivan Inc. WA bought a new stake in Invesco QQQ during the 2nd quarter worth about $41,000. Blume Capital Management Inc. lifted its position in Invesco QQQ by 105.0% during the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 2,536 shares during the period. Moser Wealth Advisors LLC boosted its stake in shares of Invesco QQQ by 930.0% in the 2nd quarter. Moser Wealth Advisors LLC now owns 103 shares of the exchange traded fund’s stock valued at $57,000 after purchasing an additional 93 shares during the last quarter. Finally, Atlantic Private Wealth LLC grew its position in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

QQQ opened at $621.06 on Thursday. The firm has a 50 day simple moving average of $604.54 and a 200 day simple moving average of $563.31. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $637.01.

Invesco QQQ Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a dividend of $0.694 per share. This represents a $2.78 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59.

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.