Next Frontier Internet ETF (NYSEARCA:FMQQ) to Issue Annual Dividend of $0.08

Next Frontier Internet ETF (NYSEARCA:FMQQ) announced an annual dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.0846 per share on Wednesday, December 31st. This represents a dividend yield of 61.0%. The ex-dividend date is Tuesday, December 30th.

Next Frontier Internet ETF Stock Performance

Shares of FMQQ stock opened at $13.96 on Tuesday. The firm has a market cap of $29.60 million, a P/E ratio of 21.89 and a beta of 1.11. The firm’s 50 day moving average price is $14.33 and its 200-day moving average price is $14.68. Next Frontier Internet ETF has a one year low of $11.47 and a one year high of $15.84.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Next Frontier Internet ETF stock. OLD Mission Capital LLC lifted its position in Next Frontier Internet ETF (NYSEARCA:FMQQ) by 89.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,766 shares of the company’s stock after buying an additional 41,496 shares during the quarter. OLD Mission Capital LLC owned approximately 4.12% of Next Frontier Internet ETF worth $1,106,000 at the end of the most recent reporting period.

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.