IQ U.S. Mid Cap R&D Leaders ETF (MRND)
| Assets | $4.14M |
| Expense Ratio | 0.16% |
| PE Ratio | 16.00 |
| Shares Out | 200,000 |
| Dividend (ttm) | $0.14 |
| Dividend Yield | 0.70% |
| Ex-Dividend Date | Dec 16, 2022 |
| Payout Ratio | 11.00% |
| 1-Year Return | -11.53% |
| Volume | 5 |
| Open | 21.46 |
| Previous Close | 20.68 |
| Day's Range | 19.85 - 21.97 |
| 52-Week Low | 18.67 |
| 52-Week High | 25.97 |
| Beta | 1.29 |
| Holdings | 101 |
| Inception Date | Feb 8, 2022 |
About MRND
The IQ U.S. Mid Cap R&D Leaders ETF (MRND) is an exchange-traded fund that is based on the IQ U.S. Mid Cap R&D Leaders index. The fund tracks an index of 100 mid-cap US companies selected and weighted based on the most recently reported one year research and development (R&D) spending. MRND was launched on Feb 8, 2022 and is managed by IndexIQ.
Top 10 Holdings
24.28% of assets| Name | Symbol | Weight |
|---|---|---|
| Spotify Technology S.A. | SPOT | 3.19% |
| Electronic Arts Inc. | EA | 3.15% |
| Seagen Inc. | SGEN | 2.85% |
| Biogen Inc. | BIIB | 2.80% |
| Western Digital Corporation | WDC | 2.26% |
| Dell Technologies Inc. | DELL | 2.22% |
| Rivian Automotive, Inc. | RIVN | 2.00% |
| eBay Inc. | EBAY | 2.00% |
| Incyte Corporation | INCY | 1.91% |
| Ginkgo Bioworks Holdings, Inc. | DNA | 1.89% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 16, 2022 | $0.04077 | Dec 22, 2022 |
| Sep 16, 2022 | $0.03432 | Sep 22, 2022 |
| Jun 17, 2022 | $0.03847 | Jun 24, 2022 |
| Mar 18, 2022 | $0.03136 | Mar 24, 2022 |
News
Bet on R&D With These New ETFs
We have recently received three new ETFs built on the concept of R&D.
IndexIQ To Transfer Exchange Listing of Leaders in Research & Development ETF Suite To Nasdaq
NEW YORK--(BUSINESS WIRE)--IndexIQ today announced plans to transfer listing of the Leaders in Research & Development ETF Suite from NYSE Arca to Nasdaq.
Mind MRND for Nifty Mid-Cap Exposure
Smaller equities are following their large-cap counterparts lower this year, perhaps giving investors reason to overlook mid-cap stocks. However, that may be the wrong course of action.
Hewlett-Packard Enterprise, Held By 233 ETFs, Sees Earnings Hit
An earnings miss translates into a sharp decline.
9 New ETFs for Investors to Unwrap
The U.S. exchange-traded fund (ETF) industry had quite a year in 2021 – due in part to the 445 new ETFs that launched, 44% more than did in 2020. U.S. ETFs ended the year with record assets of $7.21 t...
IndexIQ Launches R&D-Focused ETF Trio
New York Life's ETF brand is targeting companies that spend big on research.
IndexIQ Launches Trio of Growth ETFs
IndexIQ has expanded its ETF product lineup with the launch of three new equity-focused strategies. The new trio of funds — the IQ U.S. Large Cap R&D Leaders ETF (LRND), the IQ U.S. Mid Cap R&D Leader...
IndexIQ Introduces ETF Suite Focused on Leaders in Research & Development
NEW YORK--(BUSINESS WIRE)--New IndexIQ ETFs are designed to provide exposure to companies positioned for future innovation and expansion through sustained investment in R&D.