Citadel Advisors LLC Lowers Holdings in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ)

Citadel Advisors LLC lowered its position in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,709 shares of the company’s stock after selling 2,574 shares during the quarter. Citadel Advisors LLC owned approximately 0.61% of Invesco Nasdaq Biotechnology ETF worth $230,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Invesco Nasdaq Biotechnology ETF in the fourth quarter worth approximately $888,000. Strategic Financial Concepts LLC acquired a new stake in Invesco Nasdaq Biotechnology ETF during the fourth quarter worth approximately $1,699,000. Tower Research Capital LLC TRC raised its holdings in Invesco Nasdaq Biotechnology ETF by 148.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,061 shares of the company’s stock worth $604,000 after purchasing an additional 16,768 shares in the last quarter. Finally, Advisory Services Network LLC raised its holdings in Invesco Nasdaq Biotechnology ETF by 5.8% during the fourth quarter. Advisory Services Network LLC now owns 53,609 shares of the company’s stock worth $1,154,000 after purchasing an additional 2,922 shares in the last quarter.

Invesco Nasdaq Biotechnology ETF Trading Up 1.6%

IBBQ stock opened at $21.25 on Friday. Invesco Nasdaq Biotechnology ETF has a twelve month low of $17.84 and a twelve month high of $24.84. The company’s 50 day moving average is $20.24 and its two-hundred day moving average is $21.56. The stock has a market cap of $38.46 million, a P/E ratio of 23.20 and a beta of 0.61.

Invesco Nasdaq Biotechnology ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0402 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Nasdaq Biotechnology ETF Company Profile

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.