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

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

iShares Nasdaq Top 30 Stocks ETF Trading Up 0.8%

The stock has a market capitalization of $278.26 million, a P/E ratio of 33.35 and a beta of 1.37. The company has a 50-day moving average price of $37.07 and a two-hundred day moving average price of $33.52.

iShares Nasdaq Top 30 Stocks ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several institutional investors have recently added to or reduced their stakes in QTOP. Diversify Advisory Services LLC boosted its stake in iShares Nasdaq Top 30 Stocks ETF by 45.7% during the fourth quarter. Diversify Advisory Services LLC now owns 66,685 shares of the company’s stock worth $2,155,000 after acquiring an additional 20,929 shares in the last quarter. Thoroughbred Financial Services LLC increased its stake in iShares Nasdaq Top 30 Stocks ETF by 23.3% in the third quarter. Thoroughbred Financial Services LLC now owns 366,243 shares of the company’s stock valued at $11,386,000 after purchasing an additional 69,197 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of iShares Nasdaq Top 30 Stocks ETF by 9.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 51,166 shares of the company’s stock valued at $1,635,000 after purchasing an additional 4,618 shares during the period. Realta Investment Advisors acquired a new position in shares of iShares Nasdaq Top 30 Stocks ETF during the fourth quarter valued at about $391,000. Finally, Cetera Investment Advisers boosted its position in shares of iShares Nasdaq Top 30 Stocks ETF by 26.5% during the 1st quarter. Cetera Investment Advisers now owns 27,238 shares of the company’s stock worth $815,000 after purchasing an additional 5,699 shares in the last quarter.

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.