Lazard Next Gen Technologies ETF (NASDAQ:TEKY) Trading Down 6.7% – What’s Next?

Lazard Next Gen Technologies ETF (NASDAQ:TEKY) traded down 6.7% during mid-day trading on Friday . The stock traded as low as $43.79 and last traded at $43.79. 1,120 shares traded hands during trading, an increase of 19% from the average session volume of 941 shares. The stock had previously closed at $46.94.

Lazard Next Gen Technologies ETF Trading Down 6.7%

The firm has a market cap of $56.93 million, a P/E ratio of 31.49 and a beta of 1.98. The firm has a 50-day simple moving average of $40.59 and a 200-day simple moving average of $38.18.

Lazard Next Gen Technologies ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 20th were given a dividend of $0.0758 per share. This represents a $0.30 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, March 20th.

Institutional Trading of Lazard Next Gen Technologies ETF

A hedge fund recently bought a new stake in Lazard Next Gen Technologies ETF stock. Lazard Asset Management LLC acquired a new stake in shares of Lazard Next Gen Technologies ETF (NASDAQ:TEKY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,150,000 shares of the company’s stock, valued at approximately $39,412,000. Lazard Asset Management LLC owned about 93.50% of Lazard Next Gen Technologies ETF at the end of the most recent quarter.

About Lazard Next Gen Technologies ETF

The Lazard Next Gen Technologies ETF (TEKY) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund seeks long-term capital appreciation by actively managing a narrow portfolio of global companies involved in the developing or enabling of AI next-generation technologies. TEKY was launched on Apr 4, 2025 and is issued by Lazard.