Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) shares saw strong trading volume on Monday. Approximately 133,579 shares changed hands during trading, an increase of 13% from the average daily volume of 118,662 shares. The stock last traded at $54.0040 and had previously closed at $53.51.
Invesco QQQ Income Advantage ETF Price Performance
The company’s 50 day moving average is $56.29 and its two-hundred day moving average is $54.84. The firm has a market cap of $895.92 million, a P/E ratio of 31.47 and a beta of 0.93.
Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF
Several large investors have recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. acquired a new stake in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter worth approximately $41,000. Sunbelt Securities Inc. boosted its stake in Invesco QQQ Income Advantage ETF by 30.2% during the first quarter. Sunbelt Securities Inc. now owns 1,324 shares of the company’s stock worth $66,000 after buying an additional 307 shares in the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in Invesco QQQ Income Advantage ETF during the third quarter worth $248,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco QQQ Income Advantage ETF during the second quarter worth $255,000. Finally, NewEdge Advisors LLC increased its holdings in Invesco QQQ Income Advantage ETF by 725.7% in the 1st quarter. NewEdge Advisors LLC now owns 4,500 shares of the company’s stock valued at $224,000 after buying an additional 3,955 shares during the period.
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.
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