CIBC Asset Management Inc. trimmed its position in the Invesco QQQ Trust by 5.8% during the third quarter, according to its latest Form 13F filing. The firm sold 5,090 shares, ending the period with 82,228 ETF units valued at approximately $49.37 million. This reduction reflects CIBC’s strategic rebalancing amid broader market rotations and follows its previously stable allocation to this technology-heavy exchange-traded fund.

Several large asset managers shifted their QQQ holdings in the second quarter. JPMorgan Chase & Co. expanded its stake by 42.4%, adding 1,457,109 shares to reach 4,895,265 units worth roughly $2.70 billion. HRT Financial LP more than doubled its position—up 118.3%—by acquiring 1,704,600 shares and holding 3,145,578 ETF units valued at $1.74 billion. Northwestern Mutual Wealth Management Co. modestly increased its QQQ exposure by 0.7%, adding 22,220 shares to hold 3,223,327 units at $1.78 billion. Symphony Financial Ltd. Co. initiated a new QQQ stake valued at $1.24 billion, while Rockefeller Capital Management L.P. boosted its position by 6.3%, acquiring 65,387 additional units for a total of 1,101,906 shares valued at $611 million. Collectively, institutional investors now control 44.58% of the ETF.

QQQ’s quarterly distribution was raised to $0.7941 per share, up from the prior $0.69 payout, representing an annualized dividend of $3.18 and a yield of approximately 0.50%. Shareholders of record as of the ex-dividend date received the payment on December 31. This marks the Trust’s largest dividend bump in over two years and underscores its ability to generate incremental income alongside capital appreciation.