NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Get Free Report) declared a quarterly dividend on Monday, June 29th, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.0456 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 19.1% increase from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.04.
NYLI U.S. Large Cap R&D Leaders ETF Stock Up 1.4%
LRND stock traded up $0.59 during mid-day trading on Tuesday, hitting $44.11. 2,275 shares of the company were exchanged, compared to its average volume of 56,042. NYLI U.S. Large Cap R&D Leaders ETF has a 12-month low of $35.87 and a 12-month high of $46.16. The firm has a market capitalization of $299.95 million, a P/E ratio of 23.74 and a beta of 1.10. The business has a fifty day simple moving average of $43.81 and a 200-day simple moving average of $41.14.
Institutional Trading of NYLI U.S. Large Cap R&D Leaders ETF
A hedge fund recently raised its stake in NYLI U.S. Large Cap R&D Leaders ETF stock. New York Life Investment Management LLC lifted its position in NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND – Free Report) by 744.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,604,816 shares of the company’s stock after buying an additional 1,414,816 shares during the quarter. New York Life Investment Management LLC owned approximately 50.15% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 at the end of the most recent reporting period.
NYLI U.S. Large Cap R&D Leaders ETF Company Profile
The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.
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