iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Price Up 0.8% – Time to Buy?

Shares of iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) were up 0.8% during mid-day trading on Thursday . The stock traded as high as $38.04 and last traded at $37.40. 174,753 shares were traded during trading, a decline of 15% from the average session volume of 205,710 shares. The stock had previously closed at $37.10.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

The stock has a market capitalization of $273.94 million, a P/E ratio of 33.35 and a beta of 1.37. The business has a 50-day moving average price of $37.14 and a 200 day moving average price of $33.54.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a $0.0337 dividend. This represents a $0.13 annualized dividend and a yield of 0.4%. This is a positive change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors and hedge funds have recently modified their holdings of QTOP. EFG International AG bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 4th quarter worth about $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter valued at about $48,000. Sound Income Strategies LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the 1st quarter valued at about $57,000. Steward Partners Investment Advisory LLC purchased a new position in iShares Nasdaq Top 30 Stocks ETF in the fourth quarter worth about $109,000. Finally, MML Investors Services LLC purchased a new position in iShares Nasdaq Top 30 Stocks ETF in the fourth quarter worth about $361,000.

iShares Nasdaq Top 30 Stocks ETF Company Profile

The iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that is based on the Nasdaq-100 Top 30 index. The fund aims to track an index composed of the 30 largest companies by market-cap from the Nasdaq-100 Index. The components are weighted by market-cap with capping limits QTOP was launched on Oct 24, 2024 and is issued by BlackRock.