VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) Trading Down 1.6%

VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) shares traded down 1.6% during trading on Friday . The company traded as low as $28.40 and last traded at $28.46. 4,095 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 21,099 shares. The stock had previously closed at $28.92.

VictoryShares Nasdaq Next 50 ETF Trading Down 1.6 %

The company has a market capitalization of $26.47 million, a price-to-earnings ratio of 25.17 and a beta of 1.09. The company has a 50 day moving average price of $29.17 and a 200 day moving average price of $28.88.

VictoryShares Nasdaq Next 50 ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, July 10th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $0.24 annualized dividend and a yield of 0.84%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VictoryShares Nasdaq Next 50 ETF stock. Daiwa Securities Group Inc. boosted its holdings in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) by 37.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,059 shares of the company’s stock after buying an additional 5,152 shares during the period. Daiwa Securities Group Inc. owned approximately 2.72% of VictoryShares Nasdaq Next 50 ETF worth $566,000 as of its most recent SEC filing.

About VictoryShares Nasdaq Next 50 ETF

The VictoryShares Nasdaq Next 50 ETF (QQQN) is an exchange-traded fund that is based on the NASDAQ Q-50 index. The fund tracks a market-cap weighted, narrow index of 50 non-financial stocks that are next-eligible for inclusion in the NASDAQ-100 Index. QQQN was launched on Sep 10, 2020 and is managed by VictoryShares.