Triad Wealth Partners LLC Has $3.84 Million Position in Invesco QQQ Income Advantage ETF $QQA

Triad Wealth Partners LLC raised its position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 225.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,951 shares of the company’s stock after purchasing an additional 53,272 shares during the period. Triad Wealth Partners LLC owned approximately 0.66% of Invesco QQQ Income Advantage ETF worth $3,838,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of QQA. Royal Bank of Canada grew its holdings in shares of 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 valued at $423,000 after buying an additional 4,192 shares during the period. Jane Street Group LLC increased its holdings in shares of Invesco QQQ Income Advantage ETF by 18.7% in the first quarter. Jane Street Group LLC now owns 43,396 shares of the company’s stock worth $1,990,000 after acquiring an additional 6,849 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the second quarter worth about $201,000. Bank of America Corp DE raised its position in shares of Invesco QQQ Income Advantage ETF by 296.3% during the second quarter. Bank of America Corp DE now owns 30,517 shares of the company’s stock worth $1,532,000 after purchasing an additional 22,817 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares during the period.

Invesco QQQ Income Advantage ETF Price Performance

NASDAQ:QQA opened at $58.29 on Friday. The business’s 50-day simple moving average is $55.83 and its 200-day simple moving average is $53.66. Invesco QQQ Income Advantage ETF has a fifty-two week low of $48.20 and a fifty-two week high of $58.53. The stock has a market capitalization of $715.80 million, a PE ratio of 31.47 and a beta of 0.93.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.5003 per share. This is an increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.43. The ex-dividend date is Monday, June 22nd.

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.