Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) Trading Up 0.6% – Time to Buy?

Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) shares were up 0.6% during mid-day trading on Monday . The stock traded as high as $60.87 and last traded at $60.87. Approximately 347 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 302 shares. The stock had previously closed at $60.49.

Invesco QQQ Hedged Advantage ETF Trading Up 0.6%

The company has a 50 day simple moving average of $59.66 and a 200-day simple moving average of $59.92. The stock has a market cap of $12.17 million, a price-to-earnings ratio of 32.70 and a beta of -0.65.

Invesco QQQ Hedged Advantage ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.0358 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco QQQ Hedged Advantage ETF’s previous quarterly dividend of $0.03.

Hedge Funds Weigh In On Invesco QQQ Hedged Advantage ETF

An institutional investor recently bought a new position in Invesco QQQ Hedged Advantage ETF stock. Tactive Advisors LLC acquired a new stake in Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,955 shares of the company’s stock, valued at approximately $350,000. Tactive Advisors LLC owned approximately 2.98% of Invesco QQQ Hedged Advantage ETF at the end of the most recent reporting period.

Invesco QQQ Hedged Advantage ETF Company Profile

Invesco Actively Managed Exchange-Traded Fund Trust – Invesco QQQ Hedged Advantage ETF is an is an exchange traded fund launched and managed by Invesco Capital Management LLC. The fund is co-managed by Invesco Advisers, Inc The fund invests in public equity markets of global region. It invests directly and through derivatives in stocks of companies operating across communication services, consumer discretionary, consumer staples, energy, health care, industrials, information technology, materials, real estate and utilities sectors.