Envestnet Asset Management Inc. Takes Position in Invesco MSCI EAFE Income Advantage ETF $EFAA

Envestnet Asset Management Inc. bought a new stake in Invesco MSCI EAFE Income Advantage ETF (NYSEARCA:EFAA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,527 shares of the company’s stock, valued at approximately $2,671,000. Envestnet Asset Management Inc. owned approximately 1.17% of Invesco MSCI EAFE Income Advantage ETF at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in EFAA. Steward Partners Investment Advisory LLC grew its position in shares of Invesco MSCI EAFE Income Advantage ETF by 1.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 17,077 shares of the company’s stock valued at $881,000 after purchasing an additional 245 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF in the 2nd quarter valued at $67,000. Joel Isaacson & Co. LLC grew its holdings in shares of Invesco MSCI EAFE Income Advantage ETF by 25.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 9,704 shares of the company’s stock valued at $513,000 after purchasing an additional 1,985 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Invesco MSCI EAFE Income Advantage ETF in the 3rd quarter valued at $121,000. Finally, Cerity Partners LLC bought a new stake in shares of Invesco MSCI EAFE Income Advantage ETF during the second quarter worth about $206,000.

Invesco MSCI EAFE Income Advantage ETF Trading Down 0.3%

Shares of EFAA stock opened at $56.88 on Friday. The stock has a market cap of $339.00 million, a price-to-earnings ratio of 16.37 and a beta of 0.25. Invesco MSCI EAFE Income Advantage ETF has a 1-year low of $43.61 and a 1-year high of $57.12. The stock has a 50-day moving average of $55.46 and a 200-day moving average of $53.79.

Invesco MSCI EAFE Income Advantage ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be issued a dividend of $0.3996 per share. This is an increase from Invesco MSCI EAFE Income Advantage ETF’s previous monthly dividend of $0.39. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Monday, February 23rd.

Invesco MSCI EAFE Income Advantage ETF Company Profile

The Invesco MSCI EAFE Income Advantage ETF (EFAA) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, fund-of-funds, that utilizes equity securities and ETFs to mirror the MSCI EAFE Index. The fund also employs an options-based income strategy with equity-linked notes (ELNs) for upside participation and downside protection EFAA was launched on Jul 17, 2024 and is issued by Invesco.