Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Shares Up 0.5%

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ)’s share price rose 0.5% during trading on Tuesday . The company traded as high as $23.98 and last traded at $23.98. 4,029 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 19,948 shares. The stock had previously closed at $23.85.

Invesco Nasdaq Biotechnology ETF Trading Up 0.3 %

The company has a 50-day moving average price of $23.91 and a two-hundred day moving average price of $22.65. The stock has a market cap of $36.00 million, a P/E ratio of 17.39 and a beta of 0.61.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.0506 per share. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, June 24th. This represents a $0.20 dividend on an annualized basis and a yield of 0.84%.

Institutional Investors Weigh In On Invesco Nasdaq Biotechnology ETF

Institutional investors have recently made changes to their positions in the company. Eudaimonia Advisors LLC purchased a new stake in Invesco Nasdaq Biotechnology ETF in the 1st quarter worth about $1,568,000. Eudaimonia Partners LLC bought a new position in shares of Invesco Nasdaq Biotechnology ETF during the first quarter valued at approximately $923,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Invesco Nasdaq Biotechnology ETF in the first quarter worth approximately $286,000.

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.