PFG Investments LLC Buys New Position in iShares Nasdaq Top 30 Stocks ETF $QTOP

PFG Investments LLC bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,202 shares of the company’s stock, valued at approximately $784,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. EFG International AG bought a new position in iShares Nasdaq Top 30 Stocks ETF during the 4th quarter worth approximately $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at $48,000. Sound Income Strategies LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $57,000. Private Advisor Group LLC increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 4.6% during the first quarter. Private Advisor Group LLC now owns 48,164 shares of the company’s stock worth $1,442,000 after buying an additional 2,100 shares during the period. Finally, Magnolia Capital Advisors LLC raised its stake in iShares Nasdaq Top 30 Stocks ETF by 22.7% during the fourth quarter. Magnolia Capital Advisors LLC now owns 11,738 shares of the company’s stock worth $375,000 after buying an additional 2,172 shares during the last quarter.

iShares Nasdaq Top 30 Stocks ETF Trading Down 2.3%

QTOP stock traded down $0.88 during midday trading on Tuesday, hitting $36.92. The stock had a trading volume of 14,506 shares, compared to its average volume of 200,320. The firm has a market cap of $286.50 million, a P/E ratio of 33.35 and a beta of 1.38. iShares Nasdaq Top 30 Stocks ETF has a 1-year low of $28.11 and a 1-year high of $39.41. The business has a fifty day moving average price of $37.52 and a two-hundred day moving average price of $33.75.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

iShares Nasdaq Top 30 Stocks ETF 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.