NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Reaches New 12-Month High – Here’s Why

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.96 and last traded at $55.95, with a volume of 2063378 shares traded. The stock had previously closed at $55.72.

NEOS Nasdaq 100 High Income ETF Price Performance

The stock has a market cap of $11.29 billion, a PE ratio of 32.88 and a beta of 0.91. The business has a fifty day moving average of $52.08 and a 200-day moving average of $53.39.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 22nd were issued a $0.6297 dividend. The ex-dividend date was Wednesday, April 22nd. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61. This represents a c) dividend on an annualized basis and a dividend yield of 13.6%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $624,000. Aventura Private Wealth LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $1,326,000. Sound Income Strategies LLC purchased a new stake in shares of NEOS Nasdaq 100 High Income ETF in the fourth quarter valued at approximately $672,000. Chung Wu Investment Group LLC boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 15.0% in the fourth quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock valued at $6,165,000 after purchasing an additional 14,940 shares during the period. Finally, FSA Advisors Inc. boosted its holdings in shares of NEOS Nasdaq 100 High Income ETF by 80.5% in the fourth quarter. FSA Advisors Inc. now owns 55,410 shares of the company’s stock valued at $2,984,000 after purchasing an additional 24,719 shares during the period.

About NEOS Nasdaq 100 High Income ETF

The NEOS Nasdaq 100 High Income ETF (QQQI) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks high monthly income through NASDAQ-100 stocks and call options, pursuing potential equity growth in a tax-efficient manner. QQQI was launched on Jan 30, 2024 and is issued by Neos.