Invesco QQQ Income Advantage ETF $QQA Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 95.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,497 shares of the company’s stock after buying an additional 55,063 shares during the period. Commonwealth Equity Services LLC owned approximately 1.45% of Invesco QQQ Income Advantage ETF worth $5,920,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 83.2% in the first quarter. Royal Bank of Canada now owns 9,228 shares of the company’s stock valued at $423,000 after acquiring an additional 4,192 shares in the last quarter. Jane Street Group LLC boosted its stake in Invesco QQQ Income Advantage ETF by 18.7% during the 1st quarter. Jane Street Group LLC now owns 43,396 shares of the company’s stock valued at $1,990,000 after purchasing an additional 6,849 shares in the last quarter. Naples Global Advisors LLC increased its position in shares of Invesco QQQ Income Advantage ETF by 151.3% during the 2nd quarter. Naples Global Advisors LLC now owns 17,830 shares of the company’s stock valued at $895,000 after purchasing an additional 10,735 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter valued at $297,000. Finally, Brookstone Capital Management bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter worth $240,000.

Invesco QQQ Income Advantage ETF Stock Down 0.7%

NASDAQ:QQA opened at $53.44 on Thursday. The business’s 50-day moving average price is $53.24 and its 200 day moving average price is $52.32. Invesco QQQ Income Advantage ETF has a 52-week low of $39.86 and a 52-week high of $54.87. The firm has a market cap of $509.28 million, a P/E ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.459 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Invesco QQQ Income Advantage ETF 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.