Invesco QQQ Income Advantage ETF (NASDAQ:QQA) to Issue Dividend of $0.46

Invesco QQQ Income Advantage ETF (NASDAQ:QQAGet Free Report) announced a dividend on Monday, December 22nd, NASDAQ Dividends reports. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.459 per share on Friday, December 26th. The ex-dividend date is Monday, December 22nd. This is a 3.3% increase from Invesco QQQ Income Advantage ETF’s previous dividend of $0.44.

Invesco QQQ Income Advantage ETF Price Performance

Shares of NASDAQ QQA opened at $53.23 on Tuesday. The business has a 50-day moving average of $53.24 and a 200-day moving average of $51.83. The stock has a market capitalization of $424.78 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. Invesco QQQ Income Advantage ETF has a fifty-two week low of $39.86 and a fifty-two week high of $54.87.

Institutional Investors Weigh In On Invesco QQQ Income Advantage ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in Invesco QQQ Income Advantage ETF during the third quarter worth $25,000. Osaic Holdings Inc. increased 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 during the last quarter. Cerity Partners LLC bought a new stake in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter valued at about $201,000. Barnett & Company Inc. acquired a new stake in Invesco QQQ Income Advantage ETF in the 3rd quarter valued at about $221,000. Finally, Prospera Financial Services Inc bought a new position in Invesco QQQ Income Advantage ETF during the third quarter worth about $233,000.

About Invesco QQQ Income Advantage ETF

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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.

Further Reading

Dividend History for Invesco QQQ Income Advantage ETF (NASDAQ:QQA)

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