Kingsview Wealth Management LLC Purchases Shares of 20,153 Invesco QQQ Income Advantage ETF $QQA

Kingsview Wealth Management LLC purchased a new position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,153 shares of the company’s stock, valued at approximately $1,069,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the third quarter valued at about $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at approximately $81,000. Osaic Holdings Inc. increased its position in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter valued at $194,000. Finally, Sigma Planning Corp acquired a new position in shares of Invesco QQQ Income Advantage ETF in the fourth quarter valued at $201,000.

Invesco QQQ Income Advantage ETF Price Performance

Shares of QQA stock opened at $58.05 on Tuesday. Invesco QQQ Income Advantage ETF has a one year low of $48.09 and a one year high of $58.30. The stock has a fifty day moving average price of $53.88 and a 200 day moving average price of $53.21. The stock has a market cap of $712.85 million, a P/E ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Increases Dividend

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

Invesco QQQ Income Advantage ETF Company Profile

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.