Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Sets New 1-Year High – What’s Next?

Shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) reached a new 52-week high on Monday . The company traded as high as $58.38 and last traded at $58.38, with a volume of 8129 shares trading hands. The stock had previously closed at $57.06.

Invesco QQQ Income Advantage ETF Stock Performance

The company has a market cap of $716.05 million, a P/E ratio of 31.47 and a beta of 0.93. The stock has a 50-day moving average of $55.12 and a two-hundred day moving average of $53.49.

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Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were given a dividend of $0.4861 per share. This is a boost from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Invesco QQQ Income Advantage ETF during the 3rd quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new position in Invesco QQQ Income Advantage ETF during the 4th quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new position in Invesco QQQ Income Advantage ETF during the 4th quarter valued at approximately $54,000. Geneos Wealth Management Inc. bought a new position in Invesco QQQ Income Advantage ETF during the 4th quarter valued at approximately $81,000. Finally, Osaic Holdings Inc. increased its position in Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after buying an additional 1,177 shares in the last quarter.

About Invesco QQQ Income Advantage ETF

(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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