Lake Street Advisors Group LLC Buys Shares of 12,917 Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ)

Lake Street Advisors Group LLC bought a new stake in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,917 shares of the company’s stock, valued at approximately $286,000. Lake Street Advisors Group LLC owned about 0.88% of Invesco Nasdaq Biotechnology ETF at the end of the most recent quarter.

Separately, Eudaimonia Partners LLC bought a new stake in Invesco Nasdaq Biotechnology ETF during the 1st quarter valued at approximately $923,000.

Invesco Nasdaq Biotechnology ETF Stock Performance

Shares of IBBQ traded up $0.43 during mid-day trading on Thursday, reaching $24.51. The company had a trading volume of 6,048 shares, compared to its average volume of 15,800. The firm has a 50-day moving average price of $22.83 and a 200 day moving average price of $22.19. Invesco Nasdaq Biotechnology ETF has a 52 week low of $18.18 and a 52 week high of $24.74. The company has a market capitalization of $36.03 million, a price-to-earnings ratio of 17.39 and a beta of 0.61.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.0506 per share. The ex-dividend date was Monday, June 24th. This represents a $0.20 annualized dividend and a yield of 0.83%. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.04.

About Invesco Nasdaq Biotechnology ETF

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.