Kingsview Wealth Management LLC Makes New Investment in Invesco QQQ Income Advantage ETF $QQA

Kingsview Wealth Management LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,153 shares of the company’s stock, valued at approximately $1,069,000. Kingsview Wealth Management LLC owned about 0.20% of Invesco QQQ Income Advantage ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in Invesco QQQ Income Advantage ETF by 85.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock worth $17,292,000 after purchasing an additional 152,432 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 21.1% during the 4th quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock worth $12,621,000 after buying an additional 41,548 shares during the period. Jane Street Group LLC boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 331.5% during the 2nd quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after buying an additional 143,879 shares during the period. UBS Group AG grew 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 buying an additional 50,055 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Invesco QQQ Income Advantage ETF by 4.7% in the 3rd quarter. Private Advisor Group LLC now owns 149,775 shares of the company’s stock valued at $7,881,000 after buying an additional 6,723 shares during the last quarter.

Invesco QQQ Income Advantage ETF Price Performance

Invesco QQQ Income Advantage ETF stock opened at $58.05 on Tuesday. The firm has a market cap of $712.85 million, a price-to-earnings ratio of 31.47 and a beta of 0.90. Invesco QQQ Income Advantage ETF has a fifty-two week low of $48.09 and a fifty-two week high of $58.30. The firm has a fifty day moving average price of $53.88 and a two-hundred day moving average price of $53.21.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 18th were paid a dividend of $0.4861 per share. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date was Monday, May 18th. This is a positive change 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.