Apollon Wealth Management LLC Purchases New Stake in Invesco QQQ Income Advantage ETF $QQA

Apollon Wealth Management LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,868 shares of the company’s stock, valued at approximately $835,000. Apollon Wealth Management LLC owned about 0.21% of Invesco QQQ Income Advantage ETF as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Invesco QQQ Income Advantage ETF by 83.2% during the 1st quarter. Royal Bank of Canada now owns 9,228 shares of the company’s stock worth $423,000 after acquiring an additional 4,192 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Invesco QQQ Income Advantage ETF during the 1st quarter worth $6,470,000. Jane Street Group LLC lifted its holdings in shares of Invesco QQQ Income Advantage ETF by 18.7% in the first quarter. Jane Street Group LLC now owns 43,396 shares of the company’s stock worth $1,990,000 after acquiring an additional 6,849 shares during the last quarter. Naples Global Advisors LLC lifted its stake in Invesco QQQ Income Advantage ETF by 151.3% in the 2nd quarter. Naples Global Advisors LLC now owns 17,830 shares of the company’s stock valued at $895,000 after purchasing an additional 10,735 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter valued at $297,000.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ:QQA opened at $53.02 on Friday. The company has a market cap of $423.10 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87. The firm’s 50 day simple moving average is $53.31 and its 200 day simple moving average is $52.03.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.459 dividend. The ex-dividend date was Monday, December 22nd. This is a boost from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Invesco QQQ Income Advantage ETF Company Profile

The Invesco QQQ Income Advantage ETF (QQA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the NASDAQ-100 Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection QQA was launched on Jul 17, 2024 and is issued by Invesco.