Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) Plans Quarterly Dividend of $0.05

Invesco Nasdaq Biotechnology ETF (NASDAQ:IBBQ) declared a quarterly dividend on Monday, June 24th, NASDAQ reports. Stockholders of record on Monday, June 24th will be paid a dividend of 0.0506 per share on Friday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, June 24th. This is a boost from Invesco Nasdaq Biotechnology ETF’s previous quarterly dividend of $0.04.

Invesco Nasdaq Biotechnology ETF Price Performance

Shares of NASDAQ IBBQ traded up $0.44 during midday trading on Monday, reaching $23.18. 16,713 shares of the stock were exchanged, compared to its average volume of 16,533. The business has a 50-day simple moving average of $21.83 and a two-hundred day simple moving average of $21.87. The company has a market capitalization of $34.07 million, a price-to-earnings ratio of 17.39 and a beta of 0.61. Invesco Nasdaq Biotechnology ETF has a 12 month low of $18.18 and a 12 month high of $23.25.

Invesco Nasdaq Biotechnology ETF Company 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.