AQR Capital Management LLC Buys 23,895 Shares of Invesco QQQ $QQQ

Key Points

• AQR Capital Management LLC increased its stake in Invesco QQQ by 27.5%, acquiring an additional 23,895 shares during the first quarter, bringing its total holdings to 110,727 shares worth approximately $51.9 million.
• Invesco QQQ recently declared a quarterly dividend of $0.5911 per share, with a yield of 0.4%, paid on July 31st to shareholders of record as of June 23rd.
• Other institutional investors, including Alpine Bank Wealth Management and Atlantic Private Wealth LLC, also made significant changes to their positions in Invesco QQQ during the first quarter.

AQR Capital Management LLC lifted its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,727 shares of the exchange traded fund's stock after purchasing an additional 23,895 shares during the quarter. AQR Capital Management LLC's holdings in Invesco QQQ were worth $51,922,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC boosted its position in Invesco QQQ by 0.3% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after acquiring an additional 20 shares during the last quarter. Willis Johnson & Associates Inc. increased its position in shares of Invesco QQQ by 2.6% in the fourth quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after purchasing an additional 21 shares during the period. MTM Investment Management LLC grew its position in Invesco QQQ by 1.6% in the first quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after acquiring an additional 21 shares during the last quarter. Cutler Investment Counsel LLC boosted its stake in shares of Invesco QQQ by 1.4% during the first quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock valued at $710,000 after purchasing an additional 21 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its stake in shares of Invesco QQQ by 1.6% during the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of Invesco QQQ stock traded up $1.86 during midday trading on Tuesday, reaching $580.73. The company had a trading volume of 37,420,008 shares, compared to its average volume of 45,226,172. The stock has a fifty day moving average price of $565.79 and a 200 day moving average price of $518.70. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were given a dividend of $0.5911 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 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.