Apollon Wealth Management LLC Grows Stock Position in Invesco QQQ Income Advantage ETF $QQA

Apollon Wealth Management LLC lifted its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 134.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,900 shares of the company’s stock after buying an additional 30,352 shares during the quarter. Apollon Wealth Management LLC’s holdings in Invesco QQQ Income Advantage ETF were worth $2,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQA. LPL Financial LLC grew its position in Invesco QQQ Income Advantage ETF by 62.1% during the fourth quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock valued at $45,435,000 after buying an additional 328,405 shares during the period. Perigon Wealth Management LLC raised its position in shares of Invesco QQQ Income Advantage ETF by 21.1% in the fourth quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock worth $12,621,000 after acquiring an additional 41,548 shares during the period. Cetera Investment Advisers boosted its stake in shares of Invesco QQQ Income Advantage ETF by 11.1% during the 4th quarter. Cetera Investment Advisers now owns 220,052 shares of the company’s stock worth $11,667,000 after acquiring an additional 22,052 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Invesco QQQ Income Advantage ETF by 331.5% during the 2nd quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after acquiring an additional 143,879 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Invesco QQQ Income Advantage ETF by 13.1% during the 4th quarter. Private Advisor Group LLC now owns 169,324 shares of the company’s stock valued at $8,978,000 after acquiring an additional 19,549 shares during the period.

Invesco QQQ Income Advantage ETF Stock Up 1.4%

Shares of Invesco QQQ Income Advantage ETF stock opened at $57.65 on Wednesday. Invesco QQQ Income Advantage ETF has a twelve month low of $48.20 and a twelve month high of $58.53. The business has a 50-day moving average price of $56.35 and a 200 day moving average price of $53.80. The firm has a market cap of $707.94 million, a PE ratio of 31.47 and a beta of 0.93.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.5003 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This is an increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.43. This represents a c) annualized dividend and a yield of 10.4%.

Invesco QQQ Income Advantage ETF 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.