Patriot Financial Group Insurance Agency LLC Lowers Position in Invesco QQQ Income Advantage ETF $QQA

Patriot Financial Group Insurance Agency LLC decreased its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,014 shares of the company’s stock after selling 15,387 shares during the quarter. Patriot Financial Group Insurance Agency LLC owned approximately 0.34% of Invesco QQQ Income Advantage ETF worth $1,316,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in shares of 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 during the period. Jane Street Group LLC lifted its holdings in Invesco QQQ Income Advantage ETF by 331.5% during the second quarter. Jane Street Group LLC now owns 187,275 shares of the company’s stock valued at $9,401,000 after purchasing an additional 143,879 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Invesco QQQ Income Advantage ETF in the first quarter worth approximately $6,470,000. Bank of America Corp DE boosted its position in shares of Invesco QQQ Income Advantage ETF by 296.3% in 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, Naples Global Advisors LLC increased its stake in shares of Invesco QQQ Income Advantage ETF by 151.3% in the second quarter. Naples Global Advisors LLC now owns 17,830 shares of the company’s stock worth $895,000 after purchasing an additional 10,735 shares in the last quarter.

Invesco QQQ Income Advantage ETF Stock Performance

QQA opened at $53.48 on Friday. The stock has a market cap of $426.77 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. The firm’s fifty day moving average is $53.23 and its 200 day moving average is $51.76. Invesco QQQ Income Advantage ETF has a fifty-two week low of $39.86 and a fifty-two week high of $54.87.

Invesco QQQ Income Advantage ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 24th were given a $0.4431 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Monday, November 24th.

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.