Western Wealth Management LLC Acquires Shares of 15,850 Invesco QQQ Income Advantage ETF $QQA

Western Wealth Management LLC acquired a new stake in shares of Invesco QQQ Income Advantage ETF (NASDAQ:QQA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,850 shares of the company’s stock, valued at approximately $834,000. Western Wealth Management LLC owned about 0.20% of Invesco QQQ Income Advantage ETF at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Perigon Wealth Management LLC purchased a new position in Invesco QQQ Income Advantage ETF during the 3rd quarter valued at about $10,340,000. Invesco Ltd. grew its position in shares of Invesco QQQ Income Advantage ETF by 8.2% in the 2nd quarter. Invesco Ltd. now owns 2,432,690 shares of the company’s stock worth $122,121,000 after buying an additional 184,133 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Invesco QQQ Income Advantage ETF by 85.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 330,252 shares of the company’s stock worth $17,292,000 after buying an additional 152,432 shares during the last quarter. Jane Street Group LLC increased its stake in shares of 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 buying an additional 143,879 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Invesco QQQ Income Advantage ETF by 95.9% during the third quarter. Commonwealth Equity Services LLC now owns 112,497 shares of the company’s stock valued at $5,920,000 after acquiring an additional 55,063 shares in the last quarter.

Invesco QQQ Income Advantage ETF Stock Down 0.5%

Shares of QQA stock opened at $52.69 on Wednesday. The firm has a market capitalization of $531.12 million, a price-to-earnings ratio of 31.47 and a beta of 0.87. The stock has a fifty day moving average of $53.34 and a 200 day moving average of $52.68. Invesco QQQ Income Advantage ETF has a 52 week low of $39.86 and a 52 week high of $54.87.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were given a $0.4602 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) annualized dividend and a dividend yield of 10.5%. This is a positive change from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

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.