Prevail Innovative Wealth Advisors LLC Acquires New Shares in Invesco QQQ Income Advantage ETF $QQA

Prevail Innovative Wealth Advisors LLC acquired a new stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 74,124 shares of the company’s stock, valued at approximately $3,930,000.

Other hedge funds also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. Geneos Wealth Management Inc. purchased a new position in Invesco QQQ Income Advantage ETF during the fourth quarter worth $81,000. Osaic Holdings Inc. increased its position in Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after buying an additional 1,177 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Invesco QQQ Income Advantage ETF during the fourth quarter worth $194,000. Finally, Sigma Planning Corp purchased a new position in Invesco QQQ Income Advantage ETF during the fourth quarter worth $201,000.

Invesco QQQ Income Advantage ETF Stock Performance

Invesco QQQ Income Advantage ETF stock opened at $56.41 on Thursday. The stock has a fifty day moving average of $52.99 and a two-hundred day moving average of $53.01. The company has a market capitalization of $692.71 million, a price-to-earnings ratio of 31.47 and a beta of 0.90. Invesco QQQ Income Advantage ETF has a fifty-two week low of $46.85 and a fifty-two week high of $57.33.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.4861 per share. The ex-dividend date of this dividend is Monday, May 18th. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46. This represents a c) annualized dividend and a yield of 10.3%.

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.