Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) Trading 0.5% Higher – Time to Buy?

Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) shares rose 0.5% during mid-day trading on Wednesday . The company traded as high as $60.80 and last traded at $60.68. Approximately 1,728 shares changed hands during mid-day trading, an increase of 356% from the average daily volume of 379 shares. The stock had previously closed at $60.38.

Invesco QQQ Hedged Advantage ETF Stock Up 0.5%

The firm has a market cap of $12.14 million, a price-to-earnings ratio of 32.70 and a beta of 0.94. The company has a 50-day moving average price of $60.29 and a 200 day moving average price of $59.35.

Invesco QQQ Hedged Advantage ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.0312 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%.

Institutional Trading of Invesco QQQ Hedged Advantage ETF

An institutional investor recently bought a new position in Invesco QQQ Hedged Advantage ETF stock. Jane Street Group LLC purchased a new position in shares of Invesco QQQ Hedged Advantage ETF (NASDAQ:QQHG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,898 shares of the company’s stock, valued at approximately $2,598,000. Jane Street Group LLC owned 23.95% of Invesco QQQ Hedged Advantage ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Invesco QQQ Hedged Advantage ETF

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.