Next Frontier Internet ETF (NYSEARCA:FMQQ) Shares Up 1.8% – Here’s What Happened

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price rose 1.8% on Friday . The company traded as high as $13.31 and last traded at $13.31. Approximately 4,065 shares changed hands during trading, a decline of 46% from the average daily volume of 7,558 shares. The stock had previously closed at $13.08.

Next Frontier Internet ETF Trading Up 1.8%

The business’s 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $14.36. The firm has a market capitalization of $25.56 million, a PE ratio of 21.89 and a beta of 1.11.

Next Frontier Internet ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a $0.0846 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 61.0%.

Institutional Investors Weigh In On Next Frontier Internet ETF

A hedge fund recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC acquired a new position in Next Frontier Internet ETF (NYSEARCA:FMQQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned about 1.51% of Next Frontier Internet ETF at the end of the most recent quarter.

Next Frontier Internet ETF Company Profile

The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.