iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) Trading Down 1.9% – Time to Sell?

iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) fell 1.9% during mid-day trading on Friday . The stock traded as low as $37.52 and last traded at $37.67. 255,753 shares were traded during mid-day trading, an increase of 24% from the average session volume of 206,328 shares. The stock had previously closed at $38.39.

iShares Nasdaq Top 30 Stocks ETF Trading Down 1.9%

The firm has a 50-day moving average of $32.88 and a 200-day moving average of $32.28. The stock has a market capitalization of $280.26 million, a price-to-earnings ratio of 33.35 and a beta of 1.33.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $0.0302 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Nasdaq Top 30 Stocks ETF

Several hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in 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 last quarter. Thoroughbred Financial Services LLC boosted its holdings 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 during the last quarter. Diversify Wealth Management LLC purchased a new stake in iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at $1,871,000. Bank of America Corp DE boosted its holdings in iShares Nasdaq Top 30 Stocks ETF by 264.8% in the third quarter. Bank of America Corp DE now owns 77,884 shares of the company’s stock valued at $2,421,000 after purchasing an additional 56,532 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in iShares Nasdaq Top 30 Stocks ETF in the first quarter valued at $797,000.

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.