M&T Bank Corp Raises Holdings in Invesco QQQ (NASDAQ:QQQ)

M&T Bank Corp grew its position in Invesco QQQ (NASDAQ:QQQ) by 8.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 137,576 shares of the exchange traded fund’s stock after purchasing an additional 10,416 shares during the quarter. M&T Bank Corp’s holdings in Invesco QQQ were worth $70,333,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QQQ. Assetmark Inc. raised its position in shares of Invesco QQQ by 5.6% in the 4th quarter. Assetmark Inc. now owns 28,374 shares of the exchange traded fund’s stock worth $14,506,000 after acquiring an additional 1,508 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $786,000. Souders Financial Advisors raised its position in shares of Invesco QQQ by 2.6% in the 4th quarter. Souders Financial Advisors now owns 1,437 shares of the exchange traded fund’s stock worth $735,000 after acquiring an additional 36 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth $796,000. Finally, Crew Capital Management Ltd. raised its position in shares of Invesco QQQ by 34.7% in the 4th quarter. Crew Capital Management Ltd. now owns 6,262 shares of the exchange traded fund’s stock worth $3,202,000 after acquiring an additional 1,612 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.3 %

QQQ opened at $495.55 on Wednesday. The firm has a market cap of $312.32 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12 month low of $413.07 and a 12 month high of $540.81. The stock has a fifty day moving average price of $520.84 and a 200-day moving average price of $503.87.

Invesco QQQ Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.