Brookstone Capital Management Has $2.88 Million Position in Invesco QQQ Income Advantage ETF $QQA

Brookstone Capital Management lifted its holdings in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 1,041.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 54,646 shares of the company’s stock after buying an additional 49,859 shares during the period. Brookstone Capital Management’s holdings in Invesco QQQ Income Advantage ETF were worth $2,875,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Osaic Holdings Inc. grew its stake 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 valued at $84,000 after purchasing an additional 1,177 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Invesco QQQ Income Advantage ETF by 3.9% in the 2nd quarter. Cetera Investment Advisers now owns 105,395 shares of the company’s stock valued at $5,291,000 after buying an additional 3,988 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter valued at approximately $201,000. Royal Bank of Canada grew its stake in shares of Invesco QQQ Income Advantage ETF by 83.2% in the first quarter. Royal Bank of Canada now owns 9,228 shares of the company’s stock valued at $423,000 after buying an additional 4,192 shares in the last quarter. Finally, IFG Advisory LLC acquired a new position in Invesco QQQ Income Advantage ETF during the second quarter worth $289,000.

Invesco QQQ Income Advantage ETF Trading Down 0.1%

NASDAQ QQA opened at $53.57 on Friday. The firm has a market capitalization of $427.49 million, a P/E ratio of 31.47 and a beta of 0.87. The firm’s fifty day moving average price is $53.29 and its two-hundred day moving average price is $51.94. Invesco QQQ Income Advantage ETF has a 1 year low of $39.86 and a 1 year high of $54.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.459 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

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.