Invesco QQQ Income Advantage ETF (NASDAQ:QQA) Declares Monthly Dividend of $0.49

Invesco QQQ Income Advantage ETF (NASDAQ:QQA) announced a monthly dividend on Monday, May 18th, NASDAQ Dividends reports. Shareholders of record on Monday, May 18th will be given a dividend of 0.4861 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 10.4%. The ex-dividend date is Monday, May 18th. This is a 4.9% increase from Invesco QQQ Income Advantage ETF’s previous monthly dividend of $0.46.

Invesco QQQ Income Advantage ETF Stock Down 1.1%

QQA traded down $0.65 during trading on Monday, reaching $55.98. The stock had a trading volume of 102,904 shares, compared to its average volume of 116,525. The firm has a market capitalization of $687.43 million, a price-to-earnings ratio of 31.47 and a beta of 0.90. Invesco QQQ Income Advantage ETF has a 1-year low of $46.85 and a 1-year high of $57.33. The stock has a 50 day moving average of $52.75 and a two-hundred day moving average of $52.97.

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.