Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Hits New 52-Week High – Here’s Why

Invesco QQQ Income Advantage ETF (NASDAQ:QQA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $55.95 and last traded at $55.95, with a volume of 98455 shares trading hands. The stock had previously closed at $55.27.

Invesco QQQ Income Advantage ETF Price Performance

The stock has a market cap of $696.28 million, a PE ratio of 31.47 and a beta of 0.90. The firm has a 50 day moving average of $52.19 and a two-hundred day moving average of $52.82.

Invesco QQQ Income Advantage ETF Dividend Announcement

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

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

Several hedge funds have recently modified their holdings of QQA. Sigma Planning Corp increased its holdings in shares of Invesco QQQ Income Advantage ETF by 32.0% in the 1st quarter. Sigma Planning Corp now owns 4,997 shares of the company’s stock valued at $249,000 after purchasing an additional 1,211 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Invesco QQQ Income Advantage ETF by 4.4% in the first quarter. Kestra Advisory Services LLC now owns 10,625 shares of the company’s stock valued at $530,000 after purchasing an additional 448 shares during the period. Stephens Inc. AR acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the first quarter worth approximately $300,000. Private Advisor Group LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 11.7% during the 1st quarter. Private Advisor Group LLC now owns 189,100 shares of the company’s stock valued at $9,432,000 after buying an additional 19,776 shares during the period. Finally, SageGuard Financial Group LLC grew its position in Invesco QQQ Income Advantage ETF by 4.2% during the first quarter. SageGuard Financial Group LLC now owns 111,874 shares of the company’s stock valued at $5,580,000 after acquiring an additional 4,506 shares during the period.

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.