Associated Banc Corp Boosts Stock Holdings in Invesco QQQ $QQQ

Associated Banc Corp lifted its position in Invesco QQQ (NASDAQ:QQQ) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,088 shares of the exchange traded fund’s stock after purchasing an additional 1,666 shares during the period. Associated Banc Corp’s holdings in Invesco QQQ were worth $9,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQ. Laurel Wealth Advisors LLC grew its position in shares of Invesco QQQ by 54,491.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 313,357 shares of the exchange traded fund’s stock valued at $172,860,000 after acquiring an additional 312,783 shares during the period. Chaney Capital Management Inc. raised its holdings in Invesco QQQ by 6.3% in the 2nd quarter. Chaney Capital Management Inc. now owns 29,860 shares of the exchange traded fund’s stock worth $16,472,000 after purchasing an additional 1,780 shares during the period. RiverFront Investment Group LLC boosted its position in Invesco QQQ by 5.7% during the second quarter. RiverFront Investment Group LLC now owns 190,521 shares of the exchange traded fund’s stock worth $105,099,000 after purchasing an additional 10,331 shares in the last quarter. XTX Topco Ltd acquired a new stake in Invesco QQQ in the second quarter valued at approximately $8,168,000. Finally, FreeGulliver LLC increased its position in shares of Invesco QQQ by 24.6% in the second quarter. FreeGulliver LLC now owns 3,254 shares of the exchange traded fund’s stock valued at $1,795,000 after buying an additional 643 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 2.6%

Shares of QQQ stock opened at $605.16 on Tuesday. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01. The stock has a 50 day simple moving average of $607.42 and a 200-day simple moving average of $570.55.

Invesco QQQ Increases Dividend

The business also recently disclosed 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 is a boost from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.