M&T Bank Corp Has $62.06 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

M&T Bank Corp trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,160 shares of the exchange traded fund's stock after selling 5,224 shares during the quarter. M&T Bank Corp's holdings in Invesco QQQ were worth $62,063,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Socha Financial Group LLC lifted its holdings in shares of Invesco QQQ by 2.4% in the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund's stock valued at $44,732,000 after purchasing an additional 2,171 shares in the last quarter. Archer Investment Corp raised its position in Invesco QQQ by 10.2% in the 3rd quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund's stock valued at $21,281,000 after buying an additional 4,025 shares during the last quarter. Bank Hapoalim BM lifted its stake in Invesco QQQ by 5.5% in the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund's stock valued at $59,250,000 after acquiring an additional 6,347 shares in the last quarter. Garden State Investment Advisory Services LLC lifted its stake in Invesco QQQ by 20.7% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 33,082 shares of the exchange traded fund's stock valued at $16,191,000 after acquiring an additional 5,673 shares in the last quarter. Finally, Marco Investment Management LLC boosted its position in Invesco QQQ by 48.1% during the 3rd quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund's stock worth $4,696,000 after acquiring an additional 3,123 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of QQQ traded up $4.49 during mid-day trading on Friday, hitting $518.66. 60,273,879 shares of the company's stock were exchanged, compared to its average volume of 37,351,238. The company has a 50-day simple moving average of $507.24 and a 200 day simple moving average of $486.46. Invesco QQQ has a 52 week low of $395.34 and a 52 week high of $539.15.

Invesco QQQ Company 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.