M&T Bank Corp Sells 8,398 Shares of Invesco QQQ (NASDAQ:QQQ)

M&T Bank Corp trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 134,174 shares of the exchange traded fund’s stock after selling 8,398 shares during the period. M&T Bank Corp’s holdings in Invesco QQQ were worth $54,947,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in QQQ. International Assets Investment Management LLC boosted its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock valued at $11,602,698,000 after buying an additional 28,263,426 shares in the last quarter. Comerica Bank acquired a new stake in shares of Invesco QQQ in the third quarter valued at $140,657,000. Granite Bay Wealth Management LLC lifted its position in Invesco QQQ by 47.1% during the 4th quarter. Granite Bay Wealth Management LLC now owns 1,183,279 shares of the exchange traded fund’s stock worth $451,075,000 after buying an additional 378,922 shares in the last quarter. CHURCHILL MANAGEMENT Corp lifted its position in Invesco QQQ by 36.3% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after buying an additional 376,661 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Invesco QQQ by 77.2% during the 4th quarter. Cerity Partners LLC now owns 842,894 shares of the exchange traded fund’s stock worth $345,182,000 after acquiring an additional 367,317 shares during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 2.0 %

Shares of NASDAQ QQQ traded up $8.58 during trading on Friday, reaching $435.48. The company had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. Invesco QQQ has a 52 week low of $315.11 and a 52 week high of $449.34. The business’s 50 day moving average price is $436.53 and its 200-day moving average price is $412.18.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.5735 per share. This represents a $2.29 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Monday, March 18th.

Invesco QQQ 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.