Invesco QQQ Income Advantage ETF (NASDAQ:QQA) to Issue Dividend Increase – $0.46 Per Share

by · The Cerbat Gem

Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) announced a dividend on Monday, December 22nd, NASDAQ Dividends reports. Stockholders of record on Monday, December 22nd will be given a dividend of 0.459 per share on Friday, December 26th. The ex-dividend date is Monday, December 22nd. This is a 3.3% increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Invesco QQQ Income Advantage ETF Trading Down 0.5%

Shares of NASDAQ:QQA traded down $0.25 during midday trading on Monday, reaching $53.23. The company had a trading volume of 79,154 shares, compared to its average volume of 66,293. The stock has a market cap of $424.78 million, a P/E ratio of 31.47 and a beta of 0.87. The company’s 50 day moving average price is $53.23 and its 200 day moving average price is $51.80. Invesco QQQ Income Advantage ETF has a 52-week low of $39.86 and a 52-week high of $54.87.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Several institutional investors have recently bought and sold shares of QQA. Foundations Investment Advisors LLC grew its stake in shares of Invesco QQQ Income Advantage ETF by 4.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 7,012 shares of the company’s stock worth $369,000 after acquiring an additional 298 shares during the period. Advisory Services Network LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF during the 3rd quarter valued at about $25,000. Stratos Wealth Partners LTD. grew its holdings in shares of Invesco QQQ Income Advantage ETF by 17.9% during the third quarter. Stratos Wealth Partners LTD. now owns 6,985 shares of the company’s stock worth $368,000 after purchasing an additional 1,061 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Invesco QQQ Income Advantage ETF by 235.4% in the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Invesco QQQ Income Advantage ETF by 3.9% in the second quarter. Cetera Investment Advisers now owns 105,395 shares of the company’s stock worth $5,291,000 after purchasing an additional 3,988 shares during the last quarter.

About Invesco QQQ Income Advantage ETF

(Get Free Report)

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.

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