Onyx Bridge Wealth Group 13F: Cuts QQQ Stake by $46M
On October 16, 2026, Onyx Bridge Wealth Group disclosed a significant cut to its holdings in Invesco QQQ Trust.
Reviewed by automated data checks against the source filing. How we make and check alerts
Onyx Bridge Wealth Group sold 62,706 shares from its stake in Invesco QQQ Trust ($QQQ), a 55.74% decrease, according to a 13F filing with the SEC dated October 16, 2026. It reported 49,801 shares worth $36.85 million at the end of the quarter.
Find the original: Onyx Bridge Wealth Group 13F filings on SEC EDGAR
QQQ
Invesco QQQ Trust
Key Points
- Onyx Bridge Wealth Group cut its position in Invesco QQQ Trust by 62,706 shares, reducing its stake to 49,801 shares worth about $36.8 million.
- As of October 16, 2026, Invesco QQQ Trust trades below its 50-day moving average and near its 52-week high.
- The trust's P/E ratio stands at 27.9, with a dividend yield of 0.42%, reflecting investor sentiment in the current market.
Get $QQQ trade alerts by text
We text you when insiders, Congress or big funds trade $QQQ. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Invesco QQQ Trust alert may contain errors. Disclosures
On October 16, 2026, Onyx Bridge Wealth Group reported a significant reduction in its stake in Invesco QQQ Trust (QQQ) in its latest 13F filing with the SEC. The firm cut its holdings by 62,706 shares, leaving it with 49,801 shares valued at approximately $36.8 million.
What Changed in Onyx Bridge Wealth Group's Invesco QQQ Trust Position
Onyx Bridge Wealth Group's share count fell from 112,507 to 49,801, marking a 55.7% decrease in its investment. This adjustment reflects a strategic decision to reduce exposure in a popular exchange-traded fund that tracks the performance of the NASDAQ-100 Index.
Other Institutional Activity in Invesco QQQ Trust
This lack of activity may indicate a cautious approach among large holders amid current market conditions.
Invesco QQQ Trust Stock Down 2.6%
As of October 16, 2026, Invesco QQQ Trust trades recently around $710.10. This is below its 50-day moving average of approximately $726.87 and about 6.9% off its 52-week high of $762.86. It's important to note that the trust is currently positioned about 27.8% above its 52-week low of $555.60, indicating some level of support in the stock price.
Recent Earnings
Invesco QQQ Trust has demonstrated solid performance metrics, reporting a P/E ratio of about 27.9. Investors may want to keep an eye on upcoming announcements for more financial performance insights.
Insider Buying and Selling at Invesco QQQ Trust
This absence of insider trading might suggest a stable management perspective regarding the current share price.
Analysts Set New Price Targets
No new analyst ratings or price targets were provided for Invesco QQQ Trust related to this filing period. The consensus rating from previous analytics reflects cautious optimism about the trust’s long-term performance.
About Invesco QQQ Trust
Invesco QQQ Trust is designed to track the performance of the NASDAQ-100 Index, which includes 100 of the largest non-financial companies listed on the Nasdaq stock market. Its structure allows it to adjust holdings periodically to align with changes in the index.
Bottom Line
Investors should monitor future filings and performance metrics for Invesco QQQ Trust, especially as the market evolves. This report reflects holdings as of the end of the reporting quarter and may not represent Onyx Bridge Wealth Group's current position. The next earnings release is yet to be scheduled, and more updates from institutional investors will provide further insights into market sentiments. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: Onyx Bridge Wealth Group's 13F filing on $QQQ (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Onyx Bridge Wealth Group 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts