Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.37 and traded as low as $22.93. Invesco Nasdaq Biotechnology ETF shares last traded at $22.93, with a volume of 8,966 shares traded.

Invesco Nasdaq Biotechnology ETF Stock Up 1.3 %

The firm has a market capitalization of $37.38 million, a P/E ratio of 17.39 and a beta of 0.61. The business’s 50 day moving average is $23.57 and its 200-day moving average is $23.38.

Invesco Nasdaq Biotechnology ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.089 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.05.

Institutional Trading of Invesco Nasdaq Biotechnology ETF

An institutional investor recently raised its position in Invesco Nasdaq Biotechnology ETF stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) by 22.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 259,733 shares of the company’s stock after acquiring an additional 48,137 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 15.93% of Invesco Nasdaq Biotechnology ETF worth $6,156,000 at the end of the most recent quarter.

About Invesco Nasdaq Biotechnology ETF

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.