Stillwater Wealth Management Group Takes $566,000 Position in Invesco QQQ Income Advantage ETF $QQA

Stillwater Wealth Management Group purchased a new stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,750 shares of the company’s stock, valued at approximately $566,000. Stillwater Wealth Management Group owned 0.13% of Invesco QQQ Income Advantage ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. Citadel Advisors LLC purchased a new position in Invesco QQQ Income Advantage ETF during the third quarter valued at $250,000. Bank of America Corp DE grew its position in shares of Invesco QQQ Income Advantage ETF by 43.9% in the third quarter. Bank of America Corp DE now owns 43,910 shares of the company’s stock valued at $2,311,000 after purchasing an additional 13,393 shares during the period. UBS Group AG purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the third quarter worth about $6,230,000. Finally, Private Advisor Group LLC increased its stake in shares of Invesco QQQ Income Advantage ETF by 4.7% during the third quarter. Private Advisor Group LLC now owns 149,775 shares of the company’s stock worth $7,881,000 after purchasing an additional 6,723 shares in the last quarter.

Invesco QQQ Income Advantage ETF Stock Down 1.1%

QQA opened at $51.48 on Thursday. The company has a market cap of $518.92 million, a PE ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a twelve month low of $39.86 and a twelve month high of $54.87. The company has a 50-day moving average price of $52.62 and a 200 day moving average price of $52.83.

Invesco QQQ Income Advantage ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were paid a dividend of $0.4511 per share. The ex-dividend date was Monday, February 23rd.

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.