WMS Group LLC Makes New $4.25 Million Investment in Invesco Nasdaq Biotechnology ETF $IBBQ

WMS Group LLC bought a new stake in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) during the 4th quarter, Holdings Channel reports. The firm bought 149,855 shares of the company’s stock, valued at approximately $4,255,000. Invesco Nasdaq Biotechnology ETF accounts for about 5.4% of WMS Group LLC’s portfolio, making the stock its 4th largest holding. WMS Group LLC owned 0.06% of Invesco Nasdaq Biotechnology ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Independent Advisor Alliance acquired a new position in shares of Invesco Nasdaq Biotechnology ETF during the 4th quarter worth $653,000. International Assets Investment Management LLC purchased a new position in Invesco Nasdaq Biotechnology ETF in the fourth quarter valued at about $41,000. Royal Bank of Canada acquired a new stake in shares of Invesco Nasdaq Biotechnology ETF in the 4th quarter worth approximately $37,000. Advisory Services Network LLC purchased a new stake in Invesco Nasdaq Biotechnology ETF during the third quarter worth $52,000. Finally, Osaic Holdings Inc. grew its holdings in Invesco Nasdaq Biotechnology ETF by 28.4% in the second quarter. Osaic Holdings Inc. now owns 4,757 shares of the company’s stock valued at $101,000 after purchasing an additional 1,052 shares during the last quarter.

Invesco Nasdaq Biotechnology ETF Price Performance

Shares of IBBQ stock opened at $29.98 on Friday. The stock has a market cap of $67.75 million, a P/E ratio of 17.03 and a beta of 0.62. Invesco Nasdaq Biotechnology ETF has a fifty-two week low of $20.67 and a fifty-two week high of $30.50. The business has a fifty day simple moving average of $29.49 and a 200-day simple moving average of $29.14.

Invesco Nasdaq Biotechnology ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a $0.0342 dividend. The ex-dividend date of this dividend is Monday, June 22nd.

About Invesco Nasdaq Biotechnology ETF

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.