New York Life Investment Management LLC Buys 1,414,816 Shares of NYLI U.S. Large Cap R&D Leaders ETF $LRND

New York Life Investment Management LLC raised its stake in shares of NYLI U.S. Large Cap R&D Leaders ETF (NASDAQ:LRND) by 744.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,604,816 shares of the company’s stock after purchasing an additional 1,414,816 shares during the period. New York Life Investment Management LLC owned 0.50% of NYLI U.S. Large Cap R&D Leaders ETF worth $65,420,000 at the end of the most recent quarter.

NYLI U.S. Large Cap R&D Leaders ETF Stock Up 1.3%

Shares of NASDAQ:LRND opened at $45.02 on Friday. The firm has a market cap of $306.14 million, a P/E ratio of 23.74 and a beta of 1.09. NYLI U.S. Large Cap R&D Leaders ETF has a 12-month low of $33.12 and a 12-month high of $45.02. The business has a fifty day simple moving average of $40.03 and a 200 day simple moving average of $40.32.

NYLI U.S. Large Cap R&D Leaders ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 31st were given a dividend of $0.0383 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.15 annualized dividend and a yield of 0.3%. This is an increase from NYLI U.S. Large Cap R&D Leaders ETF’s previous quarterly dividend of $0.02.

NYLI U.S. Large Cap R&D Leaders ETF Profile

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.