Prevail Innovative Wealth Advisors LLC Invests $3.93 Million in Invesco QQQ Income Advantage ETF $QQA

Prevail Innovative Wealth Advisors LLC bought a new position in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,124 shares of the company’s stock, valued at approximately $3,930,000. Prevail Innovative Wealth Advisors LLC owned approximately 0.74% of Invesco QQQ Income Advantage ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of QQA. Western Wealth Management LLC increased its stake in Invesco QQQ Income Advantage ETF by 105.1% in the 4th quarter. Western Wealth Management LLC now owns 32,510 shares of the company’s stock valued at $1,724,000 after purchasing an additional 16,660 shares in the last quarter. Naples Global Advisors LLC increased its stake in Invesco QQQ Income Advantage ETF by 26.9% in the 4th quarter. Naples Global Advisors LLC now owns 29,400 shares of the company’s stock valued at $1,559,000 after purchasing an additional 6,240 shares in the last quarter. Sigma Planning Corp purchased a new position in Invesco QQQ Income Advantage ETF in the 4th quarter valued at approximately $201,000. UBS Group AG increased its stake in Invesco QQQ Income Advantage ETF by 42.3% in the 4th quarter. UBS Group AG now owns 168,460 shares of the company’s stock valued at $8,932,000 after purchasing an additional 50,055 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in Invesco QQQ Income Advantage ETF in the 4th quarter valued at approximately $81,000.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ QQA opened at $56.41 on Thursday. Invesco QQQ Income Advantage ETF has a 1-year low of $46.85 and a 1-year high of $57.33. The company has a market capitalization of $692.71 million, a P/E ratio of 31.47 and a beta of 0.90. The business has a 50 day moving average price of $52.99 and a 200 day moving average price of $53.01.

Invesco QQQ Income Advantage ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 18th will be paid a $0.4861 dividend. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, May 18th. This is an increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

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.