Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Sets New 52-Week High – Here’s What Happened

Shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $56.90 and last traded at $56.53, with a volume of 15609 shares trading hands. The stock had previously closed at $56.52.

Invesco QQQ Income Advantage ETF Price Performance

The business has a fifty day simple moving average of $52.66 and a two-hundred day simple moving average of $52.95. The company has a market cap of $702.05 million, a PE ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 20th were given a $0.4635 dividend. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Monday, April 20th.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Institutional investors have recently added to or reduced their stakes in the stock. Foundations Investment Advisors LLC raised its holdings in Invesco QQQ Income Advantage ETF by 4.4% in the third quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock worth $369,000 after purchasing an additional 298 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 4.4% in the 1st quarter. Kestra Advisory Services LLC now owns 10,625 shares of the company’s stock valued at $530,000 after buying an additional 448 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF in the 4th quarter worth approximately $29,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Invesco QQQ Income Advantage ETF by 6.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,150 shares of the company’s stock worth $591,000 after buying an additional 650 shares during the last quarter.

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.