Kingswood Wealth Advisors LLC Makes New $3.14 Million Investment in Invesco Nasdaq Biotechnology ETF $IBBQ

Kingswood Wealth Advisors LLC acquired a new position in Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 89,368 shares of the company’s stock, valued at approximately $3,140,000.

Separately, Valeo Financial Advisors LLC purchased a new position in Invesco Nasdaq Biotechnology ETF during the third quarter valued at $296,000.

Invesco Nasdaq Biotechnology ETF Stock Performance

NASDAQ IBBQ opened at $34.68 on Tuesday. The business’s fifty day moving average is $34.99 and its 200 day moving average is $31.36. The company has a market capitalization of $113.06 million, a PE ratio of 17.03 and a beta of 0.60. Invesco Nasdaq Biotechnology ETF has a fifty-two week low of $26.00 and a fifty-two week high of $36.84.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Monday, September 21st were given a dividend of $0.2304 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 21st. This is an increase from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.0342.

Invesco Nasdaq Biotechnology ETF 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.