IQ U.S. Large Cap R&D Leaders ETF Announces Quarterly Dividend of $0.08 (NASDAQ:LRND)

IQ U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) declared a quarterly dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Monday, April 1st will be paid a dividend of 0.0827 per share on Thursday, April 4th. This represents a $0.33 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Thursday, March 28th.

IQ U.S. Large Cap R&D Leaders ETF Trading Down 0.3 %

Shares of NASDAQ LRND traded down $0.08 during mid-day trading on Thursday, hitting $31.45. The company had a trading volume of 233 shares, compared to its average volume of 1,043. The company has a market capitalization of $6.29 million, a price-to-earnings ratio of 15.90 and a beta of 1.07. IQ U.S. Large Cap R&D Leaders ETF has a 1 year low of $22.37 and a 1 year high of $31.53. The stock’s 50-day moving average price is $30.27 and its 200-day moving average price is $27.81.

About IQ U.S. Large Cap R&D Leaders ETF

The IQ U.S. Large Cap R&D Leaders ETF (LRND) is an exchange-traded fund that is based on the IQ U.S. Large Cap R&D Leaders index. The fund tracks an index of 100 large-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. LRND was launched on Feb 8, 2022 and is managed by IndexIQ.