iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Stock Price Down 0.1% – Time to Sell?

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) fell 0.1% on Friday . The stock traded as low as $37.90 and last traded at $38.04. 78,336 shares traded hands during trading, a decline of 59% from the average daily volume of 192,042 shares. The stock had previously closed at $38.09.

iShares Nasdaq Top 30 Stocks ETF Stock Performance

The company has a market cap of $295.19 million, a P/E ratio of 33.35 and a beta of 1.41. The firm has a 50 day moving average price of $37.31 and a 200-day moving average price of $34.76.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.0337 dividend. This is an increase from iShares Nasdaq Top 30 Stocks ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, June 15th. This represents a $0.13 annualized dividend and a yield of 0.4%.

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. Goldman Sachs Group Inc. raised its position in shares of iShares Nasdaq Top 30 Stocks ETF by 13,844.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,363,085 shares of the company’s stock valued at $43,564,000 after purchasing an additional 1,353,310 shares during the period. Diversify Wealth Management LLC acquired a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter valued at $1,871,000. Bank of America Corp DE grew its stake in iShares Nasdaq Top 30 Stocks ETF by 264.8% in the 3rd quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock valued at $2,421,000 after buying an additional 56,532 shares during the last quarter. Jane Street Group LLC bought a new position in iShares Nasdaq Top 30 Stocks ETF in the 1st quarter worth $797,000. Finally, Private Advisor Group LLC raised its holdings in iShares Nasdaq Top 30 Stocks ETF by 261.3% in the 3rd quarter. Private Advisor Group LLC now owns 42,418 shares of the company’s stock worth $1,319,000 after acquiring an additional 30,678 shares during the period.

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.