M&T Bank Corp Reduces Holdings in Invesco QQQ

On December 21, 2024, it was revealed that M&T Bank Corp has reduced 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), M&T Bank Corp now holds 127,160 shares of the exchange-traded fund after selling 5,224 shares in this timeframe. These remaining holdings are valued at approximately $62,063,000 as per the most recent SEC documents.

Additionally, several other institutional investors have also adjusted their stakes in Invesco QQQ. For instance, Lantz Financial LLC acquired a new position in QQQ worth $214,000 during the second quarter. Similarly, Atlantic Union Bankshares Corp enhanced its investment in QQQ by 4.9%, bringing its total shares to 1,913, valued at $917,000 after the purchase of 90 additional shares. First Merchants Corp and Spirit of America Management Corp NY each made new investments in QQQ valued at around $360,000 and $158,000, respectively, in the second quarter. On the other hand, SNS Financial Group LLC increased its holding in QQQ by 2.3%, now owning 5,309 shares worth approximately $2,548,000 after acquiring 118 more shares.

Current Performance of Invesco QQQ

As of the last trading session, Invesco QQQ opened at $518.66, reflecting a 0.9% increase. The stock’s 50-day moving average price stands at $507.24, while its 200-day moving average price is noted at $486.23. Invesco QQQ has experienced a 12-month low of $395.34 and a peak of $539.15 during this time.

Invesco QQQ Overview

Invesco QQQ Trust, Series 1, is a unit investment trust that issues Nasdaq-100 Index Tracking Stocks. The primary objective of this trust is to mirror the price and yield performance of the Nasdaq-100 Index. By investing in QQQ, investors gain access to a portfolio that contains nearly all the securities in the Nasdaq-100 Index, reflecting their corresponding weightings.

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M&T Bank, Invesco, QQQ