iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Trading Down 1.1% – What’s Next?

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) shares were down 1.1% on Monday . The company traded as low as $30.99 and last traded at $31.13. Approximately 321,941 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 279,147 shares. The stock had previously closed at $31.49.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

The firm has a market cap of $267.72 million, a PE ratio of 33.35 and a beta of 1.34. The stock’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $31.43.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Nasdaq Top 30 Stocks ETF

Large investors have recently added to or reduced their stakes in the company. Magnolia Capital Advisors LLC purchased a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter valued at about $270,000. Thoroughbred Financial Services LLC purchased a new stake in iShares Nasdaq Top 30 Stocks ETF in the second quarter worth approximately $8,391,000. MML Investors Services LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF during the fourth quarter valued at approximately $361,000. Steward Partners Investment Advisory LLC purchased a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the fourth quarter worth approximately $109,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the second quarter worth approximately $48,000.

About iShares Nasdaq Top 30 Stocks ETF

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.