Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Sets New 12-Month High – Here’s What Happened

Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company 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 company has a fifty day moving average price of $52.45 and a two-hundred day moving average price of $52.90. The company has a market capitalization of $697.87 million, a P/E ratio of 31.47 and a beta of 0.90.

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Invesco QQQ Income Advantage ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Monday, April 20th were given a $0.4635 dividend. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date was Monday, April 20th.

Institutional Trading of Invesco QQQ Income Advantage ETF

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

Invesco QQQ Income Advantage ETF Company Profile

(Get Free Report)

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.

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