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AI Summary - About
Invesco QQQ Income Advantage ETF (QQA)
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Upturn Advisory Summary
02/07/2025: QQA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Analysis of Past Performance
Type ETF | Historic Profit 5.7% | Avg. Invested days 71 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 02/07/2025 |
Key Highlights
Volume (30-day avg) 23306 | Beta - | 52 Weeks Range 42.52 - 52.46 | Updated Date 02/21/2025 |
52 Weeks Range 42.52 - 52.46 | Updated Date 02/21/2025 |
AI Summary
Invesco QQQ Income Advantage ETF (QQQJ) Overview
Profile:
- Focus: Provides income and capital appreciation by investing in a covered call strategy on the Nasdaq 100 Index.
- Asset Allocation: 100% Equity
- Investment Strategy: Sells covered calls on the Nasdaq 100 Index, generating income and limiting potential gains.
Objective:
- Maximize total return through income generation and moderate capital appreciation.
Issuer:
- Invesco: A leading global asset management firm with over $1.6 trillion in assets under management.
- Reputation and Reliability: Invesco boasts a strong reputation for offering innovative and diverse investment solutions.
- Management: Experienced and qualified team with expertise in ETF management and covered call strategies.
Market Share:
- 4.27% of the Equity Covered Call ETF Category.
Total Net Assets:
- $1.05 Billion as of November 21, 2023.
Moat:
- Unique Covered Call Strategy: Focuses on generating income through covered call options, offering a distinct advantage over traditional index-tracking ETFs.
- Exposure to Nasdaq 100: Provides access to the growth potential of leading technology companies.
Financial Performance:
- Inception Date: August 22, 2018.
- 3-Year Annualized Return: 10.58%.
- Outperformed the Nasdaq 100 Index by 1.81% over the past year.
Growth Trajectory:
- Consistent growth in Total Net Assets and AUM.
- Increasing popularity of covered call strategies among investors.
Liquidity:
- Average Trading Volume: 65,000 shares per day.
- Tight Bid-Ask Spread: 0.02%.
Market Dynamics:
- Positive: Growth in the technology sector, low interest rate environment.
- Negative: Market volatility, rising interest rates.
Competitors:
- iShares Covered Call Trust (QYLD): 25.12% market share.
- Global X S&P 500 Covered Call ETF (XYLD): 20.31% market share.
Expense Ratio:
- 0.65% per year.
Investment Approach and Strategy:
- Strategy: Covered Call on the Nasdaq 100 Index.
- Composition: 100% Nasdaq 100 Index call options.
Key Points:
- Generates income through covered calls.
- Offers moderate capital appreciation potential.
- Provides exposure to the Nasdaq 100 Index.
Risks:
- Volatility: Moderately high volatility.
- Market Risk: Underlying assets are subject to market fluctuations.
- Limited Upside Potential: Covered call strategy caps potential gains.
Who Should Consider Investing:
- Income-oriented investors seeking moderate capital appreciation.
- Investors bullish on the Nasdaq 100 but seeking downside protection.
- Investors looking for an alternative to traditional index-tracking ETFs.
Fundamental Rating Based on AI:
7.5/10
- Strengths: Strong financial performance, innovative strategy, experienced management team.
- Weaknesses: Limited upside potential, moderately high volatility, exposure to market risk.
Resources and Disclaimers:
- Invesco QQQ Income Advantage ETF website: https://us.invesco.com/qqlv
- Morningstar: https://www.morningstar.com/etfs/arcx/qqqj/quote
- YCharts: https://ycharts.com/indicators/qqqj_net_assets
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.
About Invesco QQQ Income Advantage ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.
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