Invesco QQQ (NASDAQ:QQQ) is D Orazio & Associates Inc.’s 10th Largest Position

D Orazio & Associates Inc. lifted its position in Invesco QQQ (NASDAQ:QQQ) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,834 shares of the exchange traded fund’s stock after purchasing an additional 504 shares during the period. Invesco QQQ comprises 3.4% of D Orazio & Associates Inc.’s portfolio, making the stock its 10th largest holding. D Orazio & Associates Inc.’s holdings in Invesco QQQ were worth $21,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Deutsche Bank AG increased its stake in shares of Invesco QQQ by 918.2% in the third quarter. Deutsche Bank AG now owns 52,224 shares of the exchange traded fund’s stock worth $18,710,000 after purchasing an additional 47,095 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Invesco QQQ by 6.3% during the third quarter. Wellington Management Group LLP now owns 23,796 shares of the exchange traded fund’s stock worth $8,525,000 after acquiring an additional 1,406 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Invesco QQQ by 18.4% during the fourth quarter. Sound Income Strategies LLC now owns 1,439 shares of the exchange traded fund’s stock worth $589,000 after acquiring an additional 224 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Invesco QQQ during the fourth quarter worth $204,000. Finally, Strategic Investment Advisors MI boosted its position in shares of Invesco QQQ by 7.3% during the fourth quarter. Strategic Investment Advisors MI now owns 616 shares of the exchange traded fund’s stock worth $252,000 after acquiring an additional 42 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ:QQQ traded down $2.28 during midday trading on Thursday, reaching $479.49. 48,514,562 shares of the company were exchanged, compared to its average volume of 40,260,957. The business’s fifty day moving average is $471.22 and its two-hundred day moving average is $444.28. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, June 24th will be given a dividend of $0.7615 per share. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 24th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 0.64%.

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.