Jones Financial Companies Lllp Has $17.29 Million Stock Position in Invesco QQQ Income Advantage ETF $QQA

Jones Financial Companies Lllp increased its position in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 85.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,252 shares of the company’s stock after buying an additional 152,432 shares during the period. Jones Financial Companies Lllp’s holdings in Invesco QQQ Income Advantage ETF were worth $17,292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. raised its stake in 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 buying an additional 1,177 shares during the period. Cerity Partners LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF during the second quarter worth approximately $201,000. Brookstone Capital Management bought a new position in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter worth $240,000. IFG Advisory LLC bought a new position in shares of Invesco QQQ Income Advantage ETF in the 2nd quarter worth $289,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Invesco QQQ Income Advantage ETF in the 2nd quarter valued at $297,000.

Invesco QQQ Income Advantage ETF Trading Down 1.3%

Shares of QQA stock opened at $52.96 on Wednesday. The firm has a fifty day simple moving average of $53.42 and a two-hundred day simple moving average of $52.62. Invesco QQQ Income Advantage ETF has a 12 month low of $39.86 and a 12 month high of $54.87. The firm has a market capitalization of $528.54 million, a PE ratio of 31.47 and a beta of 0.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.4602 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

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.