QQA Invesco QQQ Income Advantage ETF
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Invesco QQQ Income Advantage ETF (QQA) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2024-07-17
- Has Options
- No
- Homepage
- https://www.invesco.com/us/etfs
- Expense ratio
- 0.29% prospectus, filed Feb 26, 2026
- Assets
- $787M SEC filing, Jul 31, 2026
- Trailing yield
- 10.06% paid monthly
- Average daily volume
- $7.0M 30 sessions
- Holdings
- 120 top 10 are 35.4%
- Listed
- Jul 17, 2024 Nasdaq
Moves with. US large-cap stocks (63% of its variance, beta 0.86); Value over growth (21% of its variance, beta -0.27); Emerging markets over US (6% of its variance, beta 0.11). These factors explain 90% of its daily moves over the last year.
Stated objective. The Invesco QQQ Income Advantage ETF (the Fund) seeks total return through current income and long-term growth of capital. (from the fund's prospectus)
All 120 holdingsFlow historySimilar fundsOverlap toolAll Covered Call ETFs
- Jul 2026
- +$50M latest reported month
- Latest 3 months
- +$116M +14.7% of assets
- Latest 12 months
- +$452M +57.4% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$50M |
| Jun 2026 | +$34M |
| May 2026 | +$31M |
| Apr 2026 | +$55M |
| Mar 2026 | +$34M |
| Feb 2026 | +$29M |
| Jan 2026 | +$48M |
| Dec 2025 | +$35M |
| Nov 2025 | +$32M |
| Oct 2025 | +$40M |
| Sep 2025 | +$39M |
| Aug 2025 | +$26M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 25 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| QYLGGlobal X Nasdaq 100 Covered Call & Growth ETF | 74% | 0.35% | $158M | +0.6% | compare |
| QRMIGlobal X NASDAQ 100 Risk Managed Income ETF | 74% | 0.60% | $14M | −6.2% | compare |
| QNDXState Street SPDR Portfolio Nasdaq 100 ETF | 74% | 0.10% | $549M | — | compare |
| QBProShares Nasdaq-100 Dynamic Buffer ETF | 74% | 0.58% | $2.3M | +18.5% | compare |
| IQQQProShares Nasdaq-100 High Income ETF | 74% | 0.55% | $430M | +6.4% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- −1.5% 21% under, 34% over · 98% covered
- Price / earnings
- 31.1 5% loss-making · 93% covered
- Price / book · sales
- 8.1 · 5.9 revenue growth +16.3%
- Above 200-day average
- 69% 57% above 50-day · by weight
- Short interest
- 2.2% of float, weighted · 2.6 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 68% net selling
- 13F holders
- +2.6% change in shares held by institutions, latest quarter
- Reporting earnings
- 31.0% of weight in 7 days; 52.3% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | JPMJPMorgan Chase & Co | 0.37% | — | — |
| Decrease | WFCWells Fargo & Co | 0.35% | 0.18% | −47.9% |
| Increase | UBS Group AG | 0.19% | 0.32% | +65.8% |
| Increase | Wells Fargo & Co | 0.18% | 0.30% | +77.2% |
0 new, 1 exited, 2 increased and 1 decreased between the fund's two latest holdings reports; turnover 0.9%. Full holdings and history
- Authorized participants
- 4 active of 39 with agreements; top 3 did 98%
- Created · redeemed
- $303M · $40M over the fiscal year
- Redemptions in kind
- 76% creations 75% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 1.06% of assets on loan on average; earned 0.1 bp
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-19 | 2026-10-23 | $0.4741 | CD |
| 2026-09-21 | 2026-09-25 | $0.4859 | CD |
| 2026-08-24 | 2026-08-28 | $0.4827 | CD |
| 2026-07-20 | 2026-07-24 | $0.4756 | CD |
| 2026-06-22 | 2026-06-26 | $0.5003 | CD |
| 2026-05-18 | 2026-05-22 | $0.4861 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| IUGXX | Invesco Premier US Government Money Portfolio | 20.50% | Cash/Money Market | — |
| NVDA | NVIDIA Corp | 6.16% | Equity (US) | US |
| AAPL | Apple Inc | 5.85% | Equity (US) | US |
| MSFT | Microsoft Corp | 4.66% | Equity (US) | US |
| AMZN | Amazon.com Inc | 3.34% | Equity (US) | US |
| MU | Micron Technology Inc | 3.30% | Equity (US) | US |
| AMD | Advanced Micro Devices Inc | 2.84% | Equity (US) | US |
| META | Meta Platforms Inc | 2.44% | Equity (US) | US |
| GOOGL | Alphabet Inc | 2.36% | Equity (US) | US |
| TSLA | Tesla Inc | 2.32% | Equity (US) | US |
| GOOG | Alphabet Inc | 2.19% | Equity (US) | US |
| SPCX | Space Exploration Technologies Corp | 2.07% | Equity (US) | US |
| AVGO | Broadcom Inc | 1.88% | Equity (US) | US |
| WMT | Walmart Inc | 1.87% | Equity (US) | US |
| INTC | Intel Corp | 1.57% | Equity (US) | US |
| PLTR | Palantir Technologies Inc | 1.44% | Equity (US) | US |
| COST | Costco Wholesale Corp | 1.44% | Equity (US) | US |
| CSCO | Cisco Systems Inc | 1.38% | Equity (US) | US |
| LRCX | Lam Research Corp | 1.07% | Equity (US) | US |
| AMAT | Applied Materials Inc | 1.05% | Equity (US) | US |
| NFLX | Netflix Inc | 0.93% | Equity (US) | US |
| PANW | Palo Alto Networks Inc | 0.90% | Equity (US) | US |
| TXN | Texas Instruments Inc | 0.83% | Equity (US) | US |
| AMGN | Amgen Inc | 0.77% | Equity (US) | US |
| CRWD | Crowdstrike Holdings Inc | 0.76% | Equity (US) | US |
| LIN | Linde PLC | 0.75% | Equity (Foreign) | IE |
| KLAC | KLA Corp | 0.69% | Equity (US) | US |
| MRVL | Marvell Technology Inc | 0.69% | Equity (US) | US |
| SHOP | Shopify Inc | 0.68% | Equity (Foreign) | CA |
| SNDK | Sandisk Corp | 0.65% | Equity (US) | US |
| GILD | Gilead Sciences Inc | 0.63% | Equity (US) | US |
| ADI | Analog Devices Inc | 0.63% | Equity (US) | US |
| QCOM | QUALCOMM Inc | 0.60% | Equity (US) | US |
| PEP | PepsiCo Inc | 0.60% | Equity (US) | US |
| TMUS | T-Mobile US Inc | 0.55% | Equity (US) | US |
| ISRG | Intuitive Surgical Inc | 0.50% | Equity (US) | US |
| ASML | ASML Holding NV | 0.50% | Cash/Money Market | NL |
| STX | Seagate Technology Holdings PLC | 0.50% | Equity (Foreign) | IE |
| WDC | Western Digital Corp | 0.43% | Equity (US) | US |
| VRTX | Vertex Pharmaceuticals Inc | 0.42% | Equity (US) | US |
| FTNT | Fortinet Inc | 0.41% | Equity (US) | US |
| BKNG | Booking Holdings Inc | 0.40% | Equity (US) | US |
| ADP | Automatic Data Processing Inc | 0.38% | Equity (US) | US |
| SBUX | Starbucks Corp | 0.37% | Equity (US) | US |
| — | BNP Paribas SA | 0.35% | Equity (US) | — |
| WFC | Bank of Montreal | 0.35% | Equity (US) | US |
| MAR | Marriott International Inc/MD | 0.34% | Equity (US) | US |
| CM | Canadian Imperial Bank of Commerce | 0.33% | Equity (Foreign) | CA |
| ADBE | Adobe Inc | 0.33% | Equity (US) | US |
| — | UBS Group AG | 0.32% | Equity (US) | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 17.62% | $138.6M | 3 |
| Corporate | 5.15% | $40.5M | 18 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 1.66% | 0.66% | 1.16% |
| Feb | -- | -2.11% | -2.93% | -2.52% |
| Mar | -- | -5.27% | -4.25% | -4.76% |
| Apr | -- | -0.69% | 8.19% | 3.75% |
| May | -- | 4.29% | 5.30% | 4.79% |
| Jun | -- | 3.53% | -0.72% | 1.40% |
| Jul | -1.92% | 1.80% | -4.59% | -1.57% |
| Aug | 2.22% | 1.78% | 1.61% | 1.87% |
| Sep | 4.04% | 3.64% | 3.00% | 3.56% |
| Oct | 0.30% | 2.56% | -3.96%* | -0.37% |
| Nov | 2.49% | -1.66% | -- | 0.42% |
| Dec | -1.17% | -0.51% | -- | -0.84% |
| Total | 5.97% | 8.92% | 1.48% | 5.46% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
Here is a comprehensive stock analysis report for QQA:
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers: Technical signals are neutral, while news sentiment is lacking.
Primary risks: Volatility regime and beta suggest higher-than-average risk.
2-3 sentence investment thesis: QQA's recent price action has been range-bound, with no clear trend direction. The stock's volatility and beta suggest potential for amplified market moves, but the absence of recent news headlines leaves uncertainty around the near-term trajectory.
Recent news sentiment impact: No recent news available, which reduces confidence in the analysis.
Technical Analysis
Trend Direction: Neutral (1-4 weeks), Medium-term (1-3 months)
Support/Resistance Levels: Key levels to monitor are:
- SMA 20: $56.24
- SMA 50: $55.97
- Upper Bollinger Band: $57.25
- Lower Bollinger Band: $55.23
Momentum Signals:
- RSI interpretation: Neutral (52.92)
- MACD signal: Bullish (0.01 / Signal: -0.01 / Histogram: 0.02)
- Bollinger Bands position: Neutral (signal line)
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 101922.02
- On-Balance Volume (OBV): 3093162.98
- Volume Rate of Change: 10.00%
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral sentiment due to lack of recent news.
Catalyst Identification: None identified, as there are no recent news headlines.
Market Narrative: The absence of news headlines leaves uncertainty around the near-term trajectory, making it challenging to form a strong opinion on the stock's direction.
Risk & Volatility Assessment
Beta Interpretation: Beta: 1.11 (vs SPY), indicating higher-than-average risk.
Volatility Regime: Above average volatility - stock moves with market amplification (0.16).
Options Market Signals: No options data available, making it difficult to assess risk appetite and potential for unusual activity.
Downside Protection: Support levels to monitor are:
- SMA 20: $56.24
- SMA 50: $55.97
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: No recent news available, making it difficult to assess sector performance.
Institutional Activity: No volume patterns suggesting institutional interest, as no options data is available.
Correlation Analysis: How stock moves relative to market (R-squared interpretation): Correlation: 0.91, indicating strong market amplification.
Relative Valuation: Position within trading range: QQA's price action has been range-bound, with no clear trend direction.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels to monitor:
- SMA 20: $56.24
- SMA 50: $55.97
- Upper Bollinger Band: $57.25
- Lower Bollinger Band: $55.23
Breakout/Breakdown Levels: None identified, as there are no clear trend directions.
Time-Sensitive Catalysts: No earnings dates or product launches scheduled in the near term.
Risk Management: Stop-loss levels and position sizing considerations:
- Monitor SMA 20 and SMA 50 for potential breakouts or breakdowns.
- Consider adjusting position size based on beta and volatility regime.
Please note that this analysis is based on the provided data, and actual market conditions may differ.
QQA Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Above average volatility - stock moves with market amplification
QQA Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|