Associated Banc Corp Increases Position in Invesco QQQ $QQQ

Associated Banc Corp lifted its holdings in Invesco QQQ (NASDAQ:QQQ) by 22.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,010 shares of the exchange traded fund’s stock after purchasing an additional 4,234 shares during the period. Associated Banc Corp’s holdings in Invesco QQQ were worth $14,135,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goodman Advisory Group LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $25,000. Shcp LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $27,000. Rachor Investment Advisory Services LLC purchased a new stake in Invesco QQQ during the 4th quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Invesco QQQ during the 3rd quarter worth approximately $40,000. Finally, Morgan Dempsey Capital Management LLC increased its stake in Invesco QQQ by 45.5% during the 3rd quarter. Morgan Dempsey Capital Management LLC now owns 80 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

• Positive Sentiment: Nvidia’s buybacks, dividend increase, and AI growth are putting Nasdaq-heavy ETFs like QQQ in focus, reinforcing demand for large-cap tech exposure. NVIDIA Ramps Up Shareholder Returns: ETFs in Focus
• Positive Sentiment: Semiconductor strength remains a tailwind for QQQ, as the sector’s long-running rally continues to support growth-oriented technology indexes. Is the VanEck Semiconductor ETF the Right ETF to Own as We Head Into June?
• Neutral Sentiment: Some market commentary suggests ETFs are increasingly dominating trading flows, but the article is more thematic than a direct driver for QQQ today. ETF Zoo: Why Rebalancing Killed the ARK Star
• Negative Sentiment: Earlier market coverage pointed to mixed ETF performance and a pullback in U.S. equities, which can weigh on QQQ when traders rotate out of growth stocks. Exchange-Traded Funds Mixed, US Equities Decline After Midday

Invesco QQQ Trading Up 0.4%

NASDAQ:QQQ opened at $717.54 on Friday. The stock has a 50 day moving average of $638.80 and a two-hundred day moving average of $623.07. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.12.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.7328 per share. This represents a $2.93 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 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.