AQR Capital Management LLC Acquires 10,157 Shares of Invesco NASDAQ 100 ETF $QQQM

AQR Capital Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 35.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 38,723 shares of the company’s stock after purchasing an additional 10,157 shares during the quarter. AQR Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,474,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Focus Partners Advisor Solutions LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 73.8% in the first quarter. Focus Partners Advisor Solutions LLC now owns 4,537 shares of the company’s stock worth $876,000 after buying an additional 1,927 shares during the last quarter. Betterment LLC lifted its holdings in Invesco NASDAQ 100 ETF by 89.1% in the first quarter. Betterment LLC now owns 55,117 shares of the company’s stock valued at $10,639,000 after acquiring an additional 25,966 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in Invesco NASDAQ 100 ETF by 14.7% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 3,635 shares of the company’s stock valued at $702,000 after purchasing an additional 467 shares during the last quarter. Weitzel Financial Services Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 24.5% in the first quarter. Weitzel Financial Services Inc. now owns 1,723 shares of the company’s stock valued at $320,000 after purchasing an additional 339 shares during the period. Finally, MAI Capital Management grew its holdings in Invesco NASDAQ 100 ETF by 12.9% during the 1st quarter. MAI Capital Management now owns 37,808 shares of the company’s stock worth $7,298,000 after acquiring an additional 4,333 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $240.46 on Friday. The company has a market capitalization of $57.65 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business has a 50-day moving average of $233.67 and a two-hundred day moving average of $214.08. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $240.77.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.3161 per share. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.