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

Invesco QQQ Income Advantage ETF (NASDAQ:QQA)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $54.95 and last traded at $54.86, with a volume of 27856 shares traded. The stock had previously closed at $54.57.

Invesco QQQ Income Advantage ETF Stock Up 0.6%

The business has a 50-day moving average of $51.97 and a 200-day moving average of $52.76. The stock has a market cap of $674.17 million, a price-to-earnings ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Dividend Announcement

The company also recently declared 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 10.1%. The ex-dividend date was Monday, April 20th.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Hedge funds have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC grew its position in Invesco QQQ Income Advantage ETF by 4.4% in the third quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock worth $369,000 after acquiring an additional 298 shares in the last quarter. Kestra Advisory Services LLC raised 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 valued at $530,000 after purchasing 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 $25,000. NewEdge Advisors LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 4th quarter valued at $29,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Invesco QQQ Income Advantage ETF by 6.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,150 shares of the company’s stock worth $591,000 after purchasing an additional 650 shares in the last quarter.

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.