Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Plans $0.43 Dividend

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) announced a dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.4338 per share on Friday, March 27th. The ex-dividend date of this dividend is Monday, March 23rd.

Invesco QQQ Income Advantage ETF Price Performance

Invesco QQQ Income Advantage ETF stock traded up $0.20 during mid-day trading on Monday, reaching $50.70. 95,113 shares of the company traded hands, compared to its average volume of 108,662. The firm’s 50 day moving average price is $52.51 and its 200 day moving average price is $52.84. The firm has a market capitalization of $511.06 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a 52-week low of $39.86 and a 52-week high of $54.87.

Hedge Funds Weigh In On Invesco QQQ Income Advantage ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in Invesco QQQ Income Advantage ETF by 62.1% in the fourth quarter. LPL Financial LLC now owns 856,939 shares of the company’s stock worth $45,435,000 after buying an additional 328,405 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in Invesco QQQ Income Advantage ETF during the 3rd quarter valued at approximately $10,340,000. Invesco Ltd. boosted its position in Invesco QQQ Income Advantage ETF by 8.2% during the 2nd quarter. Invesco Ltd. now owns 2,432,690 shares of the company’s stock valued at $122,121,000 after acquiring an additional 184,133 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Invesco QQQ Income Advantage ETF by 85.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock valued at $17,292,000 after acquiring an additional 152,432 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of 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.

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.