Next Frontier Internet ETF (NYSEARCA:FMQQ) Stock Price Up 1.8% – What’s Next?

Next Frontier Internet ETF (NYSEARCA:FMQQ)’s share price traded up 1.8% during trading on Friday . The stock traded as high as $13.31 and last traded at $13.31. 4,065 shares traded hands during trading, a decline of 46% from the average session volume of 7,558 shares. The stock had previously closed at $13.08.

Next Frontier Internet ETF Stock Performance

The company has a 50-day moving average price of $13.57 and a 200-day moving average price of $14.35. The firm has a market capitalization of $25.56 million, a P/E ratio of 21.89 and a beta of 1.11.

Next Frontier Internet ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.0846 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 61.0%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Next Frontier Internet ETF stock. Miller Global Investments LLC bought a new stake in Next Frontier Internet ETF (NYSEARCA:FMQQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 29,066 shares of the company’s stock, valued at approximately $402,000. Miller Global Investments LLC owned approximately 1.51% of Next Frontier Internet ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About Next Frontier Internet ETF

The FMQQ Next Frontier Internet & Ecommerce ETF (FMQQ) is an exchange-traded fund that is based on the FMQQ index. The fund is a passively managed fund that invests in internet and e-commerce companies from emerging and frontier markets. FMQQ was launched on Sep 28, 2021 and is managed by FMQQ.