UBS Group AG Acquires 50,055 Shares of Invesco QQQ Income Advantage ETF $QQA

UBS Group AG grew its holdings in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,460 shares of the company’s stock after purchasing an additional 50,055 shares during the period. UBS Group AG owned approximately 1.70% of Invesco QQQ Income Advantage ETF worth $8,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of QQA. Perigon Wealth Management LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 21.1% during the fourth quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock valued at $12,621,000 after purchasing an additional 41,548 shares during the last quarter. Stillwater Wealth Management Group purchased a new position in shares of Invesco QQQ Income Advantage ETF during the third quarter valued at approximately $566,000. Brookstone Capital Management raised its holdings in shares of Invesco QQQ Income Advantage ETF by 50.1% during the fourth quarter. Brookstone Capital Management now owns 82,008 shares of the company’s stock valued at $4,348,000 after purchasing an additional 27,362 shares during the last quarter. Triad Wealth Partners LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 125.6% during the fourth quarter. Triad Wealth Partners LLC now owns 23,679 shares of the company’s stock valued at $1,255,000 after purchasing an additional 13,185 shares during the last quarter. Finally, SageGuard Financial Group LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at approximately $5,693,000.

Invesco QQQ Income Advantage ETF Price Performance

QQA opened at $56.63 on Monday. The firm has a 50 day moving average price of $52.75 and a 200-day moving average price of $52.97. Invesco QQQ Income Advantage ETF has a twelve month low of $46.85 and a twelve month high of $57.33. The stock has a market capitalization of $695.42 million, a price-to-earnings ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Monday, April 20th were issued a dividend of $0.4635 per share. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Monday, April 20th.

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.