M&T Bank Corp Reduces Its Holdings in Invesco QQQ

M&T Bank Corp has announced a decrease in its investment in Invesco QQQ (NASDAQ:QQQ) by 3.9% during the third quarter, according to a recent filing with the Securities and Exchange Commission (SEC). As a result of this sale, M&T Bank Corp now holds 127,160 shares of the en exchange traded fund, after offloading 5,224 shares within this timeframe. The value of M&T Bank Corp's stake in Invesco QQQ stands at approximately $62,063,000 based on the latest SEC filings.

In addition to M&T Bank Corp, several other hedge funds have made adjustments to their positions in Invesco QQQ. Lantz Financial LLC acquired a new stake in the shares during the second quarter, amounting to $214,000. Atlantic Union Bankshares Corp increased its investment in Invesco QQQ by 4.9% in the same quarter. Following the acquisition of an additional 90 shares, Atlantic Union Bankshares Corp now holds a total of 1,913 shares valued at $917,000. Other funds, including First Merchants Corp and Spirit of America Management Corp NY, also established new positions in Invesco QQQ during the second quarter, valued at about $360,000 and $158,000 respectively. Additionally, SNS Financial Group LLC slightly increased its stake by 2.3%, bringing their total to 5,309 shares worth approximately $2,548,000.

Current Stock Performance of Invesco QQQ

As of the latest trading session, Invesco QQQ opened at $518.66, showing an increase of 0.9%. The fund has a 50-day moving average price of $507.24 and a 200-day moving average price of $486.23. Over the past year, Invesco QQQ has recorded a low of $395.34 and a high of $539.15.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is an investment trust that offers investors the opportunity to purchase securities known as Nasdaq-100 Index Tracking Stock. The investment goal of the Trust is to deliver performance results that align with the price and yield of the Nasdaq-100 Index. Investors can acquire beneficial interest in the Trust, which represents proportional interests in a portfolio of securities, closely matching the securities of the Nasdaq-100 Index.

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