Raymond James Financial Services Advisors Inc. Has $451,000 Position in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN)

Raymond James Financial Services Advisors Inc. cut its stake in shares of VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) by 13.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,615 shares of the company’s stock after selling 2,617 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in VictoryShares Nasdaq Next 50 ETF were worth $451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in VictoryShares Nasdaq Next 50 ETF by 30.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,278 shares of the company’s stock worth $570,000 after buying an additional 5,423 shares during the period. Royal Bank of Canada lifted its stake in shares of VictoryShares Nasdaq Next 50 ETF by 434.9% in the 3rd quarter. Royal Bank of Canada now owns 91,946 shares of the company’s stock valued at $2,061,000 after purchasing an additional 74,758 shares during the period. Morgan Stanley lifted its stake in shares of VictoryShares Nasdaq Next 50 ETF by 53.3% in the 4th quarter. Morgan Stanley now owns 59,818 shares of the company’s stock valued at $1,437,000 after purchasing an additional 20,804 shares during the period. LPL Financial LLC lifted its stake in shares of VictoryShares Nasdaq Next 50 ETF by 1.3% in the 3rd quarter. LPL Financial LLC now owns 47,750 shares of the company’s stock valued at $1,169,000 after purchasing an additional 606 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of VictoryShares Nasdaq Next 50 ETF in the 3rd quarter valued at about $564,000.

VictoryShares Nasdaq Next 50 ETF Price Performance

Shares of NASDAQ:QQQN opened at $27.01 on Friday. The company has a market capitalization of $18.91 million, a price-to-earnings ratio of 25.03 and a beta of 1.09. The business’s 50-day moving average is $28.82 and its 200-day moving average is $26.68. VictoryShares Nasdaq Next 50 ETF has a 1 year low of $22.50 and a 1 year high of $29.96.

VictoryShares Nasdaq Next 50 ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 12th were paid a $0.0401 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, April 11th.

About VictoryShares Nasdaq Next 50 ETF

The VictoryShares Nasdaq Next 50 ETF (QQQN) is an exchange-traded fund that is based on the NASDAQ Q-50 index. The fund tracks a market-cap weighted, narrow index of 50 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQN was launched on Sep 10, 2020 and is managed by VictoryShares.