M&T Bank Corp Reduces Holdings in Invesco QQQ

On December 21, 2024, it was reported that M&T Bank Corp has decreased its stake in Invesco QQQ (NASDAQ:QQQ) by 3.9% during the third quarter. According to the latest filing with the Securities and Exchange Commission (SEC), M&T Bank Corp now owns 127,160 shares of the exchange-traded fund after selling 5,224 shares in the period. The value of M&T Bank Corp's holdings in Invesco QQQ is approximately $62,063,000 based on the recent SEC disclosure.

Other hedge funds have also adjusted their positions in Invesco QQQ. For instance, Lantz Financial LLC acquired a new position in the fund during the second quarter valued at about $214,000. Atlantic Union Bankshares Corp increased its ownership by 4.9% in the same quarter, resulting in a total of 1,913 shares valued at $917,000 after purchasing an additional 90 shares. Additionally, First Merchants Corp bought a new stake worth approximately $360,000 in the second quarter, while Spirit of America Management Corp NY also established a new position valued at around $158,000. Lastly, SNS Financial Group LLC raised its stake by 2.3%, now holding 5,309 shares worth about $2,548,000 after acquiring an additional 118 shares. Currently, institutional investors and hedge funds together own 44.58% of the stock of Invesco QQQ.

Invesco QQQ Performance Overview

The stock price of Invesco QQQ was at $518.66 at the market opening on Friday. The 50-day moving average stands at $507.24, while the 200-day average is at $486.23. Over the past year, Invesco QQQ has reached a low of $395.34 and a high of $539.15.

About Invesco QQQ

Invesco QQQ Trust, Series 1 is a unit investment trust that issues securities known as Nasdaq-100 Index Tracking Stock. The main objective of the Trust is to deliver investment results that are closely aligned with the price and yield performance of the Nasdaq-100 Index. Investors can buy units that represent undivided interests in the securities portfolio held by the Trust, which includes most of the securities that make up the Nasdaq-100 Index.

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