Daiwa Securities Group Inc. Cuts Stock Position in VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN)

Daiwa Securities Group Inc. trimmed its holdings in shares of VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN) by 40.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,907 shares of the company’s stock after selling 9,371 shares during the period. Daiwa Securities Group Inc. owned approximately 0.44% of VictoryShares Nasdaq Next 50 ETF worth $378,000 at the end of the most recent quarter.

VictoryShares Nasdaq Next 50 ETF Trading Up 1.2 %

Shares of QQQN opened at $28.02 on Friday. The business’s fifty day simple moving average is $28.77 and its two-hundred day simple moving average is $26.78. VictoryShares Nasdaq Next 50 ETF has a 12 month low of $22.50 and a 12 month high of $29.96. The company has a market cap of $19.61 million, a price-to-earnings ratio of 25.03 and a beta of 1.09.

VictoryShares Nasdaq Next 50 ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 12th were paid a dividend of $0.0401 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.48 annualized dividend and a yield of 1.72%.

VictoryShares Nasdaq Next 50 ETF Profile

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