AQR Capital Management LLC Acquires 9,254 Shares of Invesco QQQ (NASDAQ:QQQ)

AQR Capital Management LLC boosted its holdings in Invesco QQQ (NASDAQ:QQQ) by 332.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,041 shares of the exchange traded fund’s stock after acquiring an additional 9,254 shares during the period. AQR Capital Management LLC’s holdings in Invesco QQQ were worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in QQQ. Global Assets Advisory LLC bought a new stake in shares of Invesco QQQ during the 1st quarter worth about $1,580,776,000. Steel Grove Capital Advisors LLC boosted its holdings in shares of Invesco QQQ by 934.0% during the first quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after acquiring an additional 3,102,568 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Invesco QQQ by 18,691.3% in the second quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after purchasing an additional 2,762,571 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Invesco QQQ by 2.6% during the second quarter. Commonwealth Equity Services LLC now owns 2,544,540 shares of the exchange traded fund’s stock worth $1,219,115,000 after purchasing an additional 64,401 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Invesco QQQ by 10.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,241,509 shares of the exchange traded fund’s stock worth $1,073,929,000 after purchasing an additional 206,608 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.2 %

Shares of NASDAQ QQQ opened at $487.32 on Friday. The stock’s fifty day moving average price is $469.56 and its two-hundred day moving average price is $461.52. Invesco QQQ has a one year low of $342.35 and a one year high of $503.52.

Invesco QQQ Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Monday, September 23rd will be paid a $0.677 dividend. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $2.71 annualized dividend and a dividend yield of 0.56%.

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.