Gemmer Asset Management 13F: New $358K Stake in QQQ

Gemmer Asset Management disclosed a new position in Invesco QQQ Trust (NASDAQ: QQQ) in a filing on October 16, 2026. The firm took 484 shares valued at approximately $358,190, marking a fresh investment for the fund.

What Changed in Gemmer Asset Management's Position

Gemmer Asset Management opened a new position, acquiring 484 shares in the Invesco QQQ Trust, a new stake for the firm. This investment reflects the fund's interest in tracking the performance of the NASDAQ-100 Index, as the trust adjusts its holdings to match the index's composition.

Other Institutional Activity in Invesco QQQ Trust

However, significant trading activity was noted from other funds prior to this filing. On October 13, 2026, B. Riley Wealth Advisors increased its stake by adding 8,861 shares, growing its holdings by 30.3%. Meanwhile, Foster Group reduced its stake by 6.2% by selling 2,558 shares on the same day. On October 16, the same day as Gemmer's filing, Onyx Bridge Wealth Group also disclosed a reduction in its holdings.

Invesco QQQ Trust Stock Down 2.6%

As of October 16, 2026, Invesco QQQ Trust's shares were recently traded around $710.10. This price is below the 50-day moving average of approximately $726.87 but is above the 200-day average of about $674.46. The stock is currently about 6.9% under its 52-week high of $762.86, yet it remains 27.8% above its 52-week low of $555.60, indicating a strong performance over the past year.

Recent Earnings

Invesco QQQ Trust reported a trailing twelve-month revenue of $xx million and an EPS of $yy, showcasing its stability in the index-tracking market. The next earnings report is expected on [insert next earnings date].

Dividend

The Invesco QQQ Trust has a dividend yield of 0.42%, providing a modest return to shareholders. The annual dividend rate is set at about $xx per share.

Analysts Set New Price Targets

No new analyst ratings or price targets have been issued for Invesco QQQ Trust as of the latest data.

About Invesco QQQ Trust

Invesco QQQ Trust tracks the NASDAQ-100 Index, which includes 100 of the largest domestic and international non-financial companies listed on the Nasdaq Stock Market. The trust adjusts its holdings periodically to align with the index's changes, making it a popular choice for investors seeking exposure to technology and growth sectors.

Bottom Line

Watch for further updates on Gemmer Asset Management's position and any upcoming earnings reports, as these will provide insight into their investment strategies and the overall performance of Invesco QQQ Trust. Keep in mind that this 13F filing reflects holdings as of the reporting period and may not represent the current position of the firm.