Mirae Asset Global Investments Increases Stake in Invesco Nasdaq Biotechnology ETF

Mirae Asset Global Investments Co. Ltd. has increased its investment in the Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) by 22.7% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. The investment firm now holds a total of 259,733 shares after acquiring 48,137 additional shares during this period. At the end of the reporting period, the value of Mirae's holdings in the ETF was approximately $6,156,000, accounting for 15.93% of the total shares.

Additional Investments in IBBQ

In a separate development, Lake Street Advisors Group LLC took a new position in the Invesco Nasdaq Biotechnology ETF during the first quarter, with an investment valued at about $286,000.

Performance Overview of Invesco Nasdaq Biotechnology ETF

The Invesco Nasdaq Biotechnology ETF began trading at $23.74 recently. Over the past year, the ETF has reached a low of $18.18 and a high of $24.84. Its 50-day moving average price is currently $23.98, and the 200-day moving average price is $23.05. The ETF has a market capitalization of $38.70 million, a price-to-earnings ratio of 17.39, and a beta of 0.61, indicating relatively lower volatility compared to the broader market.

Dividend Announcement from Invesco Nasdaq Biotechnology ETF

Additionally, Invesco Nasdaq Biotechnology ETF has recently announced an increase in its quarterly dividend. The latest dividend payment of $0.089 per share was issued to stockholders on September 27, with an annualized dividend yield of 1.50%. This is a rise from its previous quarterly dividend of $0.05. The ex-dividend date was listed as September 23.

About Invesco Nasdaq Biotechnology ETF

The Invesco Nasdaq Biotechnology ETF (IBBQ) is an exchange-traded fund that tracks the NASDAQ Biotechnology Index, which includes a range of US biotechnology and pharmaceutical companies listed on the NASDAQ. This ETF was launched on June 11, 2021, and is managed by Invesco.

Further Resources and Insights

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investment, etf, biotechnology