Invesco QQQ Income Advantage ETF (NASDAQ:QQA) to Issue Dividend of $0.46

by · The Markets Daily

Invesco QQQ Income Advantage ETF (NASDAQ:QQA – Get Free Report) announced a dividend on Monday, December 22nd, NASDAQ Dividends reports. Shareholders of record on Monday, December 22nd will be paid 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 Price Performance

Shares of NASDAQ QQA opened at $53.23 on Tuesday. The business has a 50-day moving average of $53.24 and a 200-day moving average of $51.83. The stock has a market capitalization of $424.78 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a fifty-two week low of $39.86 and a fifty-two week high of $54.87.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. Osaic Holdings Inc. increased its stake in shares of Invesco QQQ Income Advantage ETF by 235.4% during the 2nd 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. Cerity Partners LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter valued at about $201,000. Barnett & Company Inc. acquired a new stake in Invesco QQQ Income Advantage ETF in the 3rd quarter valued at about $221,000. Finally, Prospera Financial Services Inc bought a new position in Invesco QQQ Income Advantage ETF during the third quarter worth about $233,000.

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.

Further Reading