Patriot Financial Group Insurance Agency LLC Invests $3.83 Million in Invesco QQQ Income Advantage ETF (NASDAQ:QQA)

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,585 shares of the company’s stock, valued at approximately $3,833,000.

Separately, Naples Global Advisors LLC bought a new stake in Invesco QQQ Income Advantage ETF in the first quarter valued at approximately $325,000.

Invesco QQQ Income Advantage ETF Price Performance

Shares of QQA stock opened at $48.90 on Friday. The business’s 50 day simple moving average is $46.09 and its 200 day simple moving average is $48.58. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $52.58. The stock has a market capitalization of $223.96 million and a PE ratio of 31.47.

Invesco QQQ Income Advantage ETF Announces Dividend

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

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.