Invesco QQQ Income Advantage ETF $QQA Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 74.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,782 shares of the company’s stock after acquiring an additional 163,730 shares during the period. Cetera Investment Advisers owned approximately 3.13% of Invesco QQQ Income Advantage ETF worth $19,142,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter worth approximately $25,000. NewEdge Advisors LLC bought a new stake in Invesco QQQ Income Advantage ETF during the fourth quarter worth approximately $29,000. Sunbelt Securities Inc. bought a new stake in Invesco QQQ Income Advantage ETF during the fourth quarter worth approximately $54,000. Geneos Wealth Management Inc. acquired a new position in Invesco QQQ Income Advantage ETF in the fourth quarter worth approximately $81,000. Finally, Osaic Holdings Inc. grew its position in Invesco QQQ Income Advantage ETF by 235.4% in the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after buying an additional 1,177 shares during the last quarter.

Invesco QQQ Income Advantage ETF Stock Down 0.2%

QQA opened at $54.04 on Tuesday. The firm has a market cap of $766.29 million, a PE ratio of 31.47 and a beta of 0.92. The business has a fifty day simple moving average of $56.64 and a 200-day simple moving average of $54.17. Invesco QQQ Income Advantage ETF has a fifty-two week low of $48.20 and a fifty-two week high of $58.53.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 20th were paid a $0.4756 dividend. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend was Monday, July 20th.

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.