NYLIM Global Equity R&D Leaders ETF $WRND Stock: New York Life Investment Management LLC Cuts Stake

New York Life Investment Management LLC trimmed its position in shares of NYLIM Global Equity R&D Leaders ETF (NASDAQ:WRND) by 99.4% in the third quarter, HoldingsChannel reports. The firm owned 190,000 shares of the company’s stock after selling 31,500,281 shares during the period. New York Life Investment Management LLC owned approximately 0.63% of NYLIM Global Equity R&D Leaders ETF worth $8,248,000 as of its most recent filing with the Securities & Exchange Commission.

NYLIM Global Equity R&D Leaders ETF Trading Down 0.7%

NASDAQ WRND opened at $40.37 on Friday. NYLIM Global Equity R&D Leaders ETF has a 52 week low of $34.38 and a 52 week high of $44.67. The stock has a market cap of $12.11 million, a price-to-earnings ratio of 23.34 and a beta of 1.01. The company has a 50-day moving average price of $42.33 and a two-hundred day moving average price of $40.84.

NYLIM Global Equity R&D Leaders ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0990 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%. This is a drop from NYLIM Global Equity R&D Leaders ETF’s previous quarterly dividend of $0.1391. The ex-dividend date of this dividend was Wednesday, September 30th.

NYLIM Global Equity R&D Leaders ETF Company Profile

The IQ Global Equity R&D Leaders ETF (WRND) is an exchange-traded fund that is based on the IQ Global Equity R&D Leaders index. The fund tracks an index that seeks to provide exposure to global large- and mid-cap companies that have high research and development spending, and attractive future growth potential. WRND was launched on Feb 8, 2022 and is managed by IndexIQ.