Prospera Financial Services Inc Has $1.34 Million Position in Invesco QQQ Income Advantage ETF $QQA

Prospera Financial Services Inc boosted its stake in Invesco QQQ Income Advantage ETF (NASDAQ:QQA) by 471.5% in the fourth quarter, HoldingsChannel reports. The firm owned 25,260 shares of the company’s stock after buying an additional 20,840 shares during the period. Prospera Financial Services Inc’s holdings in Invesco QQQ Income Advantage ETF were worth $1,340,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Advisory Services Network LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF during the third quarter valued at about $25,000. Geneos Wealth Management Inc. acquired a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at about $81,000. Osaic Holdings Inc. raised its holdings in shares of Invesco QQQ Income Advantage ETF by 235.4% during the second quarter. Osaic Holdings Inc. now owns 1,677 shares of the company’s stock valued at $84,000 after purchasing an additional 1,177 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at about $194,000. Finally, Sigma Planning Corp acquired a new position in shares of Invesco QQQ Income Advantage ETF during the fourth quarter valued at about $201,000.

Invesco QQQ Income Advantage ETF Trading Up 0.6%

Shares of NASDAQ QQA opened at $57.65 on Friday. The firm’s 50-day moving average price is $53.62 and its 200-day moving average price is $53.15. Invesco QQQ Income Advantage ETF has a 1-year low of $47.75 and a 1-year high of $57.97. The firm has a market capitalization of $707.94 million, a P/E ratio of 31.47 and a beta of 0.90.

Invesco QQQ Income Advantage ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.4861 per share. This is an increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Monday, May 18th.

Invesco QQQ Income Advantage ETF Company 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.