Magnolia Capital Advisors LLC Takes Position in iShares Nasdaq Top 30 Stocks ETF $QTOP

Magnolia Capital Advisors LLC bought a new stake in iShares Nasdaq Top 30 Stocks ETF (NASDAQ:QTOP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,566 shares of the company’s stock, valued at approximately $270,000.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $48,000. Stratos Wealth Advisors LLC increased its stake in shares of iShares Nasdaq Top 30 Stocks ETF by 275.2% during the 1st quarter. Stratos Wealth Advisors LLC now owns 31,318 shares of the company’s stock worth $743,000 after purchasing an additional 22,972 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $797,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of iShares Nasdaq Top 30 Stocks ETF during the 1st quarter worth approximately $823,000.

iShares Nasdaq Top 30 Stocks ETF Stock Down 2.2%

Shares of QTOP stock opened at $32.34 on Wednesday. The company has a 50 day moving average of $31.06 and a 200-day moving average of $28.65. iShares Nasdaq Top 30 Stocks ETF has a 12-month low of $20.33 and a 12-month high of $33.24. The firm has a market cap of $216.03 million, a P/E ratio of 33.35 and a beta of 1.34.

iShares Nasdaq Top 30 Stocks ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.0296 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.12 annualized dividend and a dividend yield of 0.4%.

iShares Nasdaq Top 30 Stocks ETF Profile

The iShares Nasdaq Top 30 Stocks ETF (QTOP) is an exchange-traded fund that is based on the Nasdaq-100 Top 30 index. The fund aims to track an index composed of the 30 largest companies by market-cap from the Nasdaq-100 Index. The components are weighted by market-cap with capping limits QTOP was launched on Oct 24, 2024 and is issued by BlackRock.