Invesco QQQ Income Advantage ETF $QQA Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 95.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 112,497 shares of the company’s stock after acquiring an additional 55,063 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco QQQ Income Advantage ETF were worth $5,920,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Osaic Holdings Inc. grew its holdings in shares of Invesco QQQ Income Advantage ETF by 235.4% in the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after acquiring an additional 1,177 shares during the last quarter. Cetera Investment Advisers boosted its position 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 purchasing an additional 3,988 shares during the period. Cerity Partners LLC purchased a new position in Invesco QQQ Income Advantage ETF in the 2nd quarter worth about $201,000. Royal Bank of Canada increased its stake in Invesco QQQ Income Advantage ETF by 83.2% in the 1st quarter. Royal Bank of Canada now owns 9,228 shares of the company’s stock worth $423,000 after purchasing an additional 4,192 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in Invesco QQQ Income Advantage ETF during the 2nd quarter worth about $240,000.

Invesco QQQ Income Advantage ETF Trading Down 0.7%

QQA stock opened at $53.44 on Thursday. Invesco QQQ Income Advantage ETF has a one year low of $39.86 and a one year high of $54.87. The firm has a 50-day moving average of $53.24 and a two-hundred day moving average of $52.32. The firm has a market capitalization of $509.28 million, a PE ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.459 per share. 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 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.