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

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) announced a dividend on Monday, January 19th, NASDAQ Dividends reports. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.4602 per share on Friday, January 23rd. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 0.3% increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.46.

Invesco QQQ Income Advantage ETF Trading Up 0.1%

Shares of NASDAQ QQA opened at $53.62 on Tuesday. The firm’s 50-day moving average price is $53.25 and its 200-day moving average price is $52.40. The stock has a market capitalization of $513.68 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 12-month low of $39.86 and a 12-month high of $54.87.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

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

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.