Associated Banc Corp Buys 359 Shares of Invesco QQQ (NASDAQ:QQQ)

Associated Banc Corp grew its stake in Invesco QQQ (NASDAQ:QQQ) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,420 shares of the exchange traded fund’s stock after buying an additional 359 shares during the period. Associated Banc Corp’s holdings in Invesco QQQ were worth $7,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. PBCay One RSC Ltd boosted its stake in Invesco QQQ by 6.2% during the first quarter. PBCay One RSC Ltd now owns 375,000 shares of the exchange traded fund’s stock worth $166,504,000 after buying an additional 22,000 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Invesco QQQ by 140.6% during the 1st quarter. Russell Investments Group Ltd. now owns 243 shares of the exchange traded fund’s stock valued at $108,000 after acquiring an additional 142 shares in the last quarter. Vanguard Group Inc. increased its stake in Invesco QQQ by 5.0% in the first quarter. Vanguard Group Inc. now owns 17,520 shares of the exchange traded fund’s stock valued at $7,779,000 after acquiring an additional 832 shares during the period. Ascent Group LLC raised its position in Invesco QQQ by 33.6% in the first quarter. Ascent Group LLC now owns 1,585 shares of the exchange traded fund’s stock worth $704,000 after purchasing an additional 399 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in Invesco QQQ during the first quarter worth about $210,000. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.4 %

NASDAQ QQQ traded up $2.27 during trading on Monday, reaching $508.06. 3,392,009 shares of the company traded hands, compared to its average volume of 37,874,059. Invesco QQQ has a 1-year low of $382.66 and a 1-year high of $515.58. The stock’s 50 day moving average price is $493.08 and its two-hundred day moving average price is $477.19.

Invesco QQQ Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were given a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, September 23rd.

About Invesco QQQ

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.