Talon Private Wealth LLC Buys Shares of 83,649 Invesco QQQ Income Advantage ETF $QQA

Talon Private Wealth LLC acquired a new position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 83,649 shares of the company’s stock, valued at approximately $4,172,000.

Several other hedge funds have also bought and sold shares of QQA. LPL Financial LLC boosted its position in shares of Invesco QQQ Income Advantage ETF by 62.1% in the fourth quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock worth $45,435,000 after purchasing an additional 328,405 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco QQQ Income Advantage ETF by 74.4% during the first quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock valued at $19,142,000 after purchasing an additional 163,730 shares in the last quarter. Jane Street Group LLC increased its stake in Invesco QQQ Income Advantage ETF by 331.5% in 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 during the last quarter. UBS Group AG purchased a new stake in Invesco QQQ Income Advantage ETF during the third quarter valued at $6,230,000. Finally, SageGuard Financial Group LLC purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the 4th quarter valued at about $5,693,000.

Invesco QQQ Income Advantage ETF Stock Down 0.9%

Shares of QQA opened at $53.53 on Wednesday. The business has a fifty day moving average of $56.60 and a 200 day moving average of $54.17. The company has a market cap of $761.73 million, a PE ratio of 31.47 and a beta of 0.92. Invesco QQQ Income Advantage ETF has a 52-week low of $48.20 and a 52-week high of $58.53.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 20th were issued a $0.4756 dividend. This represents a c) annualized dividend and a dividend yield of 10.7%. The ex-dividend date was Monday, July 20th.

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.