iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Cross Below 200-Day Moving Average – Here’s Why

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $35.54 and traded as low as $35.16. iShares Nasdaq Top 30 Stocks ETF shares last traded at $35.22, with a volume of 386,616 shares changing hands.

iShares Nasdaq Top 30 Stocks ETF Price Performance

The stock has a market cap of $326.84 million, a P/E ratio of 33.35 and a beta of 1.38. The firm’s fifty day moving average price is $38.03 and its two-hundred day moving average price is $35.54.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were paid a dividend of $0.0281 per share. This is a negative change from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.0337. This represents a $0.11 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 15th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in QTOP. Commonwealth Equity Services LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 3rd quarter worth about $281,000. Diversify Advisory Services LLC raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 24.8% in the 3rd quarter. Diversify Advisory Services LLC now owns 91,785 shares of the company’s stock valued at $3,509,000 after acquiring an additional 18,236 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 23.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,909 shares of the company’s stock valued at $75,000 after acquiring an additional 357 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF in the 2nd quarter valued at about $2,336,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter valued at about $368,000.

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.