Private Advisor Group LLC Has $9.43 Million Stock Holdings in Invesco QQQ Income Advantage ETF $QQA

Private Advisor Group LLC boosted its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 11.7% in the first quarter, Holdings Channel reports. The institutional investor owned 189,100 shares of the company’s stock after acquiring an additional 19,776 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco QQQ Income Advantage ETF were worth $9,432,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. NewEdge Advisors LLC purchased a new position in Invesco QQQ Income Advantage ETF in the fourth quarter valued at about $29,000. Sunbelt Securities Inc. acquired a new position in Invesco QQQ Income Advantage ETF in the 4th quarter worth about $54,000. Geneos Wealth Management Inc. acquired a new position in Invesco QQQ Income Advantage ETF in the 4th quarter worth about $81,000. Finally, Osaic Holdings Inc. raised its stake in shares of Invesco QQQ Income Advantage ETF by 235.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock worth $84,000 after purchasing an additional 1,177 shares in the last quarter.

Invesco QQQ Income Advantage ETF Price Performance

Shares of Invesco QQQ Income Advantage ETF stock opened at $56.29 on Monday. The firm has a market cap of $764.42 million, a price-to-earnings ratio of 31.47 and a beta of 0.92. Invesco QQQ Income Advantage ETF has a 52-week low of $48.20 and a 52-week high of $58.53. The stock has a 50-day simple moving average of $56.52 and a 200-day simple moving average of $53.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.5003 per share. The ex-dividend date of this dividend was Monday, June 22nd. This is a boost from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.43. This represents a c) annualized dividend and a yield of 10.7%.

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.