iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Shares Up 0.5% – Should You Buy?

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) shares shot up 0.5% on Friday . The company traded as high as $32.50 and last traded at $32.36. 81,683 shares were traded during trading, a decline of 47% from the average session volume of 153,842 shares. The stock had previously closed at $32.21.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

The stock has a 50 day moving average of $31.99 and a 200-day moving average of $30.98. The company has a market cap of $277.00 million, a PE ratio of 33.35 and a beta of 1.34.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.0315 dividend. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a dividend yield of 0.4%.

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Large investors have recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its holdings in iShares Nasdaq Top 30 Stocks ETF by 1.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 46,548 shares of the company’s stock worth $1,447,000 after buying an additional 665 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at $48,000. Private Trust Co. NA increased its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 100.8% in the third quarter. Private Trust Co. NA now owns 4,097 shares of the company’s stock worth $127,000 after acquiring an additional 2,057 shares during the period. Magnolia Capital Advisors LLC acquired a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the second quarter worth $270,000. Finally, Diversify Advisory Services LLC raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 35.0% during the second quarter. Diversify Advisory Services LLC now owns 46,164 shares of the company’s stock worth $1,393,000 after purchasing an additional 11,973 shares during the last quarter.

iShares Nasdaq Top 30 Stocks ETF Company Profile

The iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that is based on the Nasdaq-100 Top 30 index. The fund aims to track an index composed of the 30 largest companies by market-cap from the Nasdaq-100 Index. The components are weighted by market-cap with capping limits QTOP was launched on Oct 24, 2024 and is issued by BlackRock.