Western Wealth Management LLC Purchases 16,660 Shares of Invesco QQQ Income Advantage ETF $QQA

Western Wealth Management LLC increased its position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 105.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,510 shares of the company’s stock after buying an additional 16,660 shares during the quarter. Western Wealth Management LLC owned 0.32% of Invesco QQQ Income Advantage ETF worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of QQA. Jones Financial Companies Lllp lifted its position in Invesco QQQ Income Advantage ETF by 85.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock worth $17,292,000 after buying an additional 152,432 shares during the last quarter. Jane Street Group LLC lifted its position 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 buying an additional 143,879 shares during the last quarter. UBS Group AG bought a new stake in Invesco QQQ Income Advantage ETF in the 3rd quarter worth approximately $6,230,000. SageGuard Financial Group LLC purchased a new position in Invesco QQQ Income Advantage ETF in the 4th quarter worth approximately $5,693,000. Finally, Commonwealth Equity Services LLC increased its stake in Invesco QQQ Income Advantage ETF by 95.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 112,497 shares of the company’s stock worth $5,920,000 after purchasing an additional 55,063 shares during the period.

Invesco QQQ Income Advantage ETF Price Performance

Shares of Invesco QQQ Income Advantage ETF stock opened at $57.17 on Friday. The business’s 50 day simple moving average is $52.66 and its two-hundred day simple moving average is $52.95. The stock has a market capitalization of $702.05 million, a P/E ratio of 31.47 and a beta of 0.90. Invesco QQQ Income Advantage ETF has a one year low of $46.85 and a one year high of $57.34.

Invesco QQQ Income Advantage ETF Dividend Announcement

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