Naples Global Advisors LLC Makes New $325,000 Investment in Invesco QQQ Income Advantage ETF (NASDAQ:QQA)

Naples Global Advisors LLC bought a new position in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 7,095 shares of the company’s stock, valued at approximately $325,000.

Separately, Cetera Investment Advisers purchased a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter worth $4,429,000.

Invesco QQQ Income Advantage ETF Price Performance

Shares of Invesco QQQ Income Advantage ETF stock opened at $48.90 on Friday. The firm has a fifty day moving average price of $46.03 and a 200 day moving average price of $48.59. Invesco QQQ Income Advantage ETF has a 1 year low of $39.86 and a 1 year high of $52.58. The stock has a market cap of $223.96 million and a PE ratio of 31.47.

Invesco QQQ Income Advantage ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 19th were given a dividend of $0.4176 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $5.01 annualized dividend and a yield of 10.25%.

Invesco QQQ Income Advantage ETF 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.