M&T Bank Corp Reduces Stake in Invesco QQQ

On December 21, 2024, it was reported that M&T Bank Corp has decreased its investment in Invesco QQQ (NASDAQ:QQQ) by 3.9% during the third quarter of the year. According to their latest filing with the Securities and Exchange Commission (SEC), the bank now holds 127,160 shares of the popular exchange-traded fund after selling 5,224 shares in that quarter. As per the latest SEC disclosure, M&T Bank Corp's holdings in Invesco QQQ are valued at approximately $62,063,000.

Other institutional investors are also making changes in their positions regarding Invesco QQQ. For instance, Lantz Financial LLC acquired a new stake in the fund in the second quarter, amounting to $214,000. Additionally, Atlantic Union Bankshares Corp has increased its stake by 4.9%, now owning 1,913 shares valued at $917,000 after adding 90 shares in the last quarter. First Merchants Corp and Spirit of America Management Corp NY have also made new investments in the fund, with the former investing around $360,000 and the latter about $158,000. Meanwhile, SNS Financial Group LLC has raised its stake by 2.3%, owning 5,309 shares worth $2,548,000 after acquiring an additional 118 shares recently. Overall, institutional investors and hedge funds currently hold 44.58% of Invesco QQQ's stock.

Current Stock Performance of Invesco QQQ

As of Friday, the stock opened at $518.66, showing a 0.9% increase. The 50-day moving average price stands at $507.24, while the 200-day moving average price is $486.23. The fund has seen a significant range over the past year, with 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 offers a security known as Nasdaq-100 Index Tracking Stock. The primary investment goal of the Trust is to provide results that align closely with the price and yield performance of the Nasdaq-100 Index. Investors can buy units of interest in the Trust, which represent their proportional stake in the portfolio, closely mirroring the components and weights of the Nasdaq-100 Index.

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M&T, Bank, Invesco