Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Declares Monthly Dividend of $0.47

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) declared a monthly dividend on Monday, October 19th. Stockholders of record on Monday, October 19th will be given a dividend of $0.4741 per share on Friday, October 23rd. This represents a $5.69 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Monday, October 19th. This is a 2.4% decrease from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.4859.

Invesco QQQ Income Advantage ETF Trading Up 0.2%

Shares of QQA traded up $0.12 during midday trading on Monday, reaching $55.35. The stock had a trading volume of 189,650 shares, compared to its average volume of 118,792. The company has a market capitalization of $903.87 million, a price-to-earnings ratio of 31.47 and a beta of 0.93. The company’s 50-day moving average is $56.61 and its 200 day moving average is $55.86. Invesco QQQ Income Advantage ETF has a 12-month low of $48.20 and a 12-month high of $58.53.

Institutional Trading of Invesco QQQ Income Advantage ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Invesco QQQ Income Advantage ETF by 74.4% in the first quarter. Cetera Investment Advisers now owns 383,782 shares of the company’s stock valued at $19,142,000 after purchasing an additional 163,730 shares during the last quarter. Talon Private Wealth LLC bought a new position in shares of Invesco QQQ Income Advantage ETF in the first quarter worth approximately $4,172,000. Triad Wealth Partners LLC grew its holdings in shares of Invesco QQQ Income Advantage ETF by 225.0% in the first quarter. Triad Wealth Partners LLC now owns 76,951 shares of the company’s stock worth $3,838,000 after purchasing an additional 53,272 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Invesco QQQ Income Advantage ETF by 134.6% in the first quarter. Apollon Wealth Management LLC now owns 52,900 shares of the company’s stock worth $2,639,000 after purchasing an additional 30,352 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Invesco QQQ Income Advantage ETF by 205.3% in the second quarter. Envestnet Asset Management Inc. now owns 38,340 shares of the company’s stock worth $2,210,000 after buying an additional 25,782 shares during the period.

About Invesco QQQ Income Advantage ETF

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.