Patriot Financial Group Insurance Agency LLC Sells 15,387 Shares of Invesco QQQ Income Advantage ETF $QQA

Patriot Financial Group Insurance Agency LLC reduced its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 38.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,014 shares of the company’s stock after selling 15,387 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Invesco QQQ Income Advantage ETF were worth $1,316,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares in the last quarter. Cerity Partners LLC bought a new position in Invesco QQQ Income Advantage ETF during the second quarter valued at approximately $201,000. Brookstone Capital Management purchased a new position in Invesco QQQ Income Advantage ETF during the 2nd quarter valued at approximately $240,000. IFG Advisory LLC bought a new stake in Invesco QQQ Income Advantage ETF in the 2nd quarter worth approximately $289,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter worth approximately $297,000.

Invesco QQQ Income Advantage ETF Stock Performance

NASDAQ QQA opened at $53.48 on Friday. The stock has a 50 day moving average price of $53.23 and a 200-day moving average price of $51.76. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87. The company has a market capitalization of $426.77 million, a P/E ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 24th were paid a $0.4431 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend was Monday, November 24th.

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.