Prospera Financial Services Inc Acquires 20,840 Shares of Invesco QQQ Income Advantage ETF $QQA

Prospera Financial Services Inc increased its holdings in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 471.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,260 shares of the company’s stock after purchasing an additional 20,840 shares during the quarter. Prospera Financial Services Inc owned approximately 0.25% of Invesco QQQ Income Advantage ETF worth $1,340,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in shares of Invesco QQQ Income Advantage ETF by 85.7% in the third quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock worth $17,292,000 after purchasing an additional 152,432 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in Invesco QQQ Income Advantage ETF by 21.1% during the 4th quarter. Perigon Wealth Management LLC now owns 238,044 shares of the company’s stock worth $12,621,000 after acquiring an additional 41,548 shares during the period. Jane Street Group LLC grew its holdings in Invesco QQQ Income Advantage ETF by 331.5% during the 2nd quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock worth $9,401,000 after acquiring an additional 143,879 shares during the period. UBS Group AG grew its holdings in Invesco QQQ Income Advantage ETF by 42.3% during the 4th quarter. UBS Group AG now owns 168,460 shares of the company’s stock worth $8,932,000 after acquiring an additional 50,055 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Invesco QQQ Income Advantage ETF by 4.7% during the 3rd quarter. Private Advisor Group LLC now owns 149,775 shares of the company’s stock worth $7,881,000 after acquiring an additional 6,723 shares during the period.

Invesco QQQ Income Advantage ETF Trading Up 0.6%

Shares of Invesco QQQ Income Advantage ETF stock opened at $57.65 on Friday. The business has a 50-day moving average price of $53.62 and a two-hundred day moving average price of $53.15. Invesco QQQ Income Advantage ETF has a 1-year low of $47.75 and a 1-year high of $57.97. The company has a market cap of $707.94 million, a P/E ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.4861 per share. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Monday, May 18th. This is an increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

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.