NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) Declares Dividend Increase – $0.04 Per Share

NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Monday, March 30th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.0383 per share on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, March 31st. This is a 72.9% increase from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

NYLI U.S. Large Cap R&D Leaders ETF Price Performance

Shares of NASDAQ:LRND traded up $1.31 on Tuesday, hitting $37.18. The company’s stock had a trading volume of 387 shares, compared to its average volume of 63,644. The company has a 50-day simple moving average of $39.28 and a 200 day simple moving average of $40.02. NYLI U.S. Large Cap R&D Leaders ETF has a 1 year low of $28.22 and a 1 year high of $41.88. The company has a market capitalization of $118.98 million, a PE ratio of 23.74 and a beta of 1.06.

About NYLI U.S. Large Cap R&D Leaders ETF

The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.