Western Wealth Management LLC Increases Stake in Invesco QQQ Income Advantage ETF $QQA

Western Wealth Management LLC boosted its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 105.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,510 shares of the company’s stock after buying an additional 16,660 shares during the period. Western Wealth Management LLC’s holdings in Invesco QQQ Income Advantage ETF were worth $1,724,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Invesco QQQ Income Advantage ETF in the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at approximately $81,000. Osaic Holdings Inc. raised its holdings 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 valued at $84,000 after acquiring an additional 1,177 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Invesco QQQ Income Advantage ETF in the fourth quarter worth $194,000. Finally, Sigma Planning Corp purchased a new stake in Invesco QQQ Income Advantage ETF in the fourth quarter worth $201,000.

Invesco QQQ Income Advantage ETF Stock Up 0.5%

Shares of QQA stock opened at $57.17 on Friday. The stock has a fifty day moving average of $52.66 and a 200 day moving average of $52.95. Invesco QQQ Income Advantage ETF has a 52 week low of $46.85 and a 52 week high of $57.34. The firm has a market capitalization of $702.05 million, a price-to-earnings ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, April 24th. Investors of record on Monday, April 20th were paid a $0.4635 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

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.