Talon Private Wealth LLC Purchases New Position in Invesco QQQ Income Advantage ETF $QQA

Talon Private Wealth LLC purchased a new position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,649 shares of the company’s stock, valued at approximately $4,172,000. Talon Private Wealth LLC owned approximately 0.68% of Invesco QQQ Income Advantage ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC boosted its position in Invesco QQQ Income Advantage ETF by 62.1% during the 4th quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock valued at $45,435,000 after acquiring an additional 328,405 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco QQQ Income Advantage ETF by 74.4% in the 1st quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock worth $19,142,000 after acquiring an additional 163,730 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Invesco QQQ Income Advantage ETF by 21.1% in the 4th quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock valued at $12,621,000 after purchasing an additional 41,548 shares during the period. Private Advisor Group LLC lifted its stake in shares of Invesco QQQ Income Advantage ETF by 11.7% in the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock valued at $9,432,000 after purchasing an additional 19,776 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of 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 valued at $9,401,000 after purchasing an additional 143,879 shares during the period.

Invesco QQQ Income Advantage ETF Trading Down 0.9%

Shares of Invesco QQQ Income Advantage ETF stock opened at $53.53 on Wednesday. The firm has a market capitalization of $761.73 million, a P/E ratio of 31.47 and a beta of 0.92. The business has a fifty day simple moving average of $56.60 and a two-hundred day simple moving average of $54.17. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53.

Invesco QQQ Income Advantage ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 20th were paid a dividend of $0.4756 per share. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Monday, July 20th.

About Invesco QQQ Income Advantage ETF

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.