VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) Share Price Up 2.3%

Shares of VictoryShares Nasdaq Next 50 ETF ( NASDAQ:QQQN – Get Your Free Report ) rose 2.3% on Thursday. The stock traded as high as $29.34 and last traded at $29.32. About 3,268 shares were traded mid-day, down 85% from the session’s average volume of 22,246 shares. Shares previously closed at $28.67.

VictoryShares Nasdaq Next 50 ETF Stock Performance

The company has a market cap of $27.27 million, a price-to-earnings ratio of 25.17 and a beta of 1.09. The company’s 50-day moving average price is $28.96 and its 200-day moving average price is $28.65.

VictoryShares Nasdaq Next 50 ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, July 11th. Investors of record on Wednesday, July 10th were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents an annualized dividend of $0.24 and a yield of 0.82%.

Institutional investors weigh in on the VictoryShares Nasdaq Next 50 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in VictoryShares Nasdaq Next 50 ETF by 5.9% in the second quarter. Private Advisor Group LLC now owns 19,971 shares of the company’s stock valued at $577,000 after acquiring an additional 1,116 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of VictoryShares Nasdaq Next 50 ETF by 37.0% in the first quarter. Daiwa Securities Group Inc. now owns 19,059 shares of the company’s stock worth $566,000 after buying an additional 5,152 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of VictoryShares Nasdaq Next 50 ETF during the fourth quarter valued at approximately $426,000.

VictoryShares Nasdaq Next 50 ETF Company Profile

(Get a free report)

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

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