iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Trading 0.8% Higher – Time to Buy?

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP)’s share price traded up 0.8% during trading on Thursday . The company traded as high as $38.04 and last traded at $37.40. 174,753 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 205,710 shares. The stock had previously closed at $37.10.

iShares Nasdaq Top 30 Stocks ETF Price Performance

The firm has a fifty day simple moving average of $37.07 and a 200-day simple moving average of $33.52. The firm has a market cap of $278.26 million, a P/E ratio of 33.35 and a beta of 1.37.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0337 per share. 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%. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

A number of large investors have recently modified their holdings of QTOP. EFG International AG acquired a new stake in iShares Nasdaq Top 30 Stocks ETF in the 4th quarter valued at $32,000. Northwestern Mutual Wealth Management Co. bought a new stake in iShares Nasdaq Top 30 Stocks ETF during the 2nd quarter valued at $48,000. Sound Income Strategies LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the first quarter worth $57,000. Steward Partners Investment Advisory LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF during the fourth quarter worth $109,000. Finally, MML Investors Services LLC bought a new position in shares of iShares Nasdaq Top 30 Stocks ETF in the fourth quarter valued at $361,000.

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.