IQ U.S. Mid Cap R&D Leaders ETF (MRND) Price, Holdings, & News

ETF Overview

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.

Key Stats

• Today's Range: $23.57 to $23.57
• 50-Day Range: $20.74 to $23.57
• 52-Week Range: $19.08 to $23.84
• Volume: 10 shs
• Average Volume: 157 shs
• Market Capitalization: $4.71 million
• Assets Under Management: $4.71 million
• Dividend Yield: 0.72%
• Net Expense Ratio: 0.16%
• Aggregate Rating: N/A

Fund Details

• Issuer: IndexIQ
• Fund Name: IQ U.S. Mid Cap R&D Leaders ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NASDAQ
• Current Symbol: NASDAQ:MRND
• Inception Date: 2/8/2022
• Fund Manager: Greg Barrato, James Harrison
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Equity
• Benchmark: IQ U.S. Mid Cap R&D Leaders Index
• Category: Size and Style
• Focus: Mid Cap
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 101

Fund Statistics

• Assets Under Management: $4.71 million
• Average Daily Volume: $0.00
• Discount/Premium: 0.00%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: IndexIQ Advisors LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: ALPS Distributors, Inc.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: GTS

Miscellaneous

• Outstanding Shares: 200,000
• Beta: 1.09
• Creation Fee: $250.00