Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Shareholders to Receive $0.47 Monthly Dividend

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) declared a monthly dividend on Monday, October 19th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.4741 per share on Friday, October 23rd. This represents a $5.69 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, October 19th. This is a 2.4% decrease from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.4859.

Invesco QQQ Income Advantage ETF Trading Up 0.2%

Shares of QQA stock traded up $0.12 during trading hours on Monday, reaching $55.35. The stock had a trading volume of 189,650 shares, compared to its average volume of 118,792. The stock’s fifty day simple moving average is $56.61 and its 200 day simple moving average is $55.86. Invesco QQQ Income Advantage ETF has a 12 month low of $48.20 and a 12 month high of $58.53. The firm has a market capitalization of $903.87 million, a PE ratio of 31.47 and a beta of 0.93.

Institutional Trading of Invesco QQQ Income Advantage ETF

A number of large investors have recently modified their holdings of QQA. Brown Lisle Cummings Inc. bought a new position in shares of Invesco QQQ Income Advantage ETF in the second quarter worth approximately $41,000. Sunbelt Securities Inc. lifted its position in Invesco QQQ Income Advantage ETF by 30.2% during the first quarter. Sunbelt Securities Inc. now owns 1,324 shares of the company’s stock valued at $66,000 after purchasing an additional 307 shares during the last quarter. MinichMacGregor Wealth Management LLC bought a new position in shares of Invesco QQQ Income Advantage ETF in the 3rd quarter worth $248,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the 2nd quarter valued at $255,000. Finally, NewEdge Advisors LLC raised its position in shares of Invesco QQQ Income Advantage ETF by 725.7% during the 1st quarter. NewEdge Advisors LLC now owns 4,500 shares of the company’s stock valued at $224,000 after buying an additional 3,955 shares in the last quarter.

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.