Next Frontier Internet ETF (NYSEARCA:FMQQ) Trading Up 0.7% – Still a Buy?

Shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) rose 0.7% during mid-day trading on Wednesday . The company traded as high as $13.36 and last traded at $13.28. Approximately 10,219 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 9,732 shares. The stock had previously closed at $13.19.

Next Frontier Internet ETF Price Performance

The firm has a market capitalization of $25.50 million, a PE ratio of 21.89 and a beta of 1.11. The company has a 50-day moving average price of $13.96 and a 200 day moving average price of $14.56.

Next Frontier Internet ETF Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Next Frontier Internet ETF stock. Miller Global Investments LLC bought a new stake in shares of Next Frontier Internet ETF (NYSEARCA:FMQQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

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.