Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Shares Up 1.6%

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ)’s share price traded up 1.6% during mid-day trading on Friday . The stock traded as high as $22.04 and last traded at $21.90. 50,082 shares traded hands during mid-day trading, an increase of 153% from the average session volume of 19,816 shares. The stock had previously closed at $21.56.

Invesco Nasdaq Biotechnology ETF Stock Up 1.6 %

The company has a market capitalization of $32.19 million, a P/E ratio of 16.24 and a beta of 0.61. The business has a 50 day moving average of $21.65 and a 200 day moving average of $21.06.

Invesco Nasdaq Biotechnology ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.0435 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Monday, March 18th.

Institutional Investors Weigh In On Invesco Nasdaq Biotechnology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Invesco Nasdaq Biotechnology ETF by 2.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 211,596 shares of the company’s stock worth $4,194,000 after purchasing an additional 5,000 shares during the period. Eudaimonia Advisors LLC purchased a new position in shares of Invesco Nasdaq Biotechnology ETF during the first quarter valued at approximately $1,568,000. Finally, Eudaimonia Partners LLC bought a new position in shares of Invesco Nasdaq Biotechnology ETF during the first quarter valued at approximately $923,000.

Invesco Nasdaq Biotechnology ETF Company Profile

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that is based on the NASDAQ / Biotechnology index, a modified market-cap-weighted index of US biotechnology and pharmaceutical companies listed on the NASDAQ. IBBQ was launched on Jun 11, 2021 and is managed by Invesco.