Associated Banc Corp Has $7.84 Million Holdings in Invesco QQQ (NASDAQ:QQQ)

Associated Banc Corp increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,343 shares of the exchange traded fund's stock after buying an additional 923 shares during the quarter. Associated Banc Corp's holdings in Invesco QQQ were worth $7,844,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of Invesco QQQ by 51,292.3% during the fourth quarter. Proficio Capital Partners LLC now owns 11,500,566 shares of the exchange traded fund's stock worth $5,879,434,000 after purchasing an additional 11,478,188 shares during the period. Toronto Dominion Bank raised its position in shares of Invesco QQQ by 13.0% during the third quarter. Toronto Dominion Bank now owns 4,261,790 shares of the exchange traded fund's stock worth $2,080,052,000 after purchasing an additional 488,815 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco QQQ by 47,853.9% during the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund's stock worth $2,103,184,000 after purchasing an additional 4,105,389 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Invesco QQQ by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,116,706 shares of the exchange traded fund's stock worth $1,593,354,000 after purchasing an additional 27,115 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Invesco QQQ by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,425,300 shares of the exchange traded fund's stock valued at $1,239,886,000 after buying an additional 52,235 shares during the period. Institutional investors and hedge funds own 44.58% of the company's stock.

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Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $11.32 during trading hours on Friday, hitting $479.66. 43,464,229 shares of the company's stock traded hands, compared to its average volume of 34,911,953. The firm has a market cap of $302.59 billion, a P/E ratio of 30.74 and a beta of 1.11. Invesco QQQ has a twelve month low of $413.07 and a twelve month high of $540.81. The stock's fifty day moving average price is $514.89 and its two-hundred day moving average price is $503.85.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.