iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Trading Down 0.1% – What’s Next?

Shares of iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) were down 0.1% during mid-day trading on Friday . The company traded as low as $37.90 and last traded at $38.04. Approximately 78,336 shares traded hands during trading, a decline of 59% from the average session volume of 192,042 shares. The stock had previously closed at $38.09.

iShares Nasdaq Top 30 Stocks ETF Trading Down 0.1%

The business’s fifty day simple moving average is $37.31 and its two-hundred day simple moving average is $34.76. The stock has a market capitalization of $295.19 million, a P/E ratio of 33.35 and a beta of 1.41.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in iShares Nasdaq Top 30 Stocks ETF by 13,844.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock valued at $43,564,000 after acquiring an additional 1,353,310 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $1,871,000. Bank of America Corp DE grew its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 264.8% during the 3rd quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock worth $2,421,000 after purchasing an additional 56,532 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $797,000. Finally, Private Advisor Group LLC increased its position in shares of iShares Nasdaq Top 30 Stocks ETF by 261.3% during the third quarter. Private Advisor Group LLC now owns 42,418 shares of the company’s stock valued at $1,319,000 after purchasing an additional 30,678 shares during the period.

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.