NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sets New 52-Week High – Should You Buy?

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $56.67 and last traded at $56.66, with a volume of 3200314 shares. The stock had previously closed at $56.32.

NEOS Nasdaq 100 High Income ETF Trading Down 0.9%

The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 32.88 and a beta of 0.91. The firm’s 50 day moving average price is $52.55 and its two-hundred day moving average price is $53.46.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.6297 per share. The ex-dividend date was Wednesday, April 22nd. This represents a c) annualized dividend and a dividend yield of 13.4%. This is a boost from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of QQQI. Chung Wu Investment Group LLC acquired a new position in NEOS Nasdaq 100 High Income ETF in the 3rd quarter valued at about $5,394,000. SG Americas Securities LLC acquired a new position in NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at about $3,727,000. NewEdge Advisors LLC grew its stake in NEOS Nasdaq 100 High Income ETF by 667.6% in the 3rd quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock valued at $2,866,000 after buying an additional 45,997 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in NEOS Nasdaq 100 High Income ETF in the 4th quarter valued at about $2,046,000. Finally, Virtue Capital Management LLC grew its stake in NEOS Nasdaq 100 High Income ETF by 3,948.4% in the 4th quarter. Virtue Capital Management LLC now owns 29,837 shares of the company’s stock valued at $1,604,000 after buying an additional 29,100 shares during the last quarter.

NEOS Nasdaq 100 High Income ETF Company Profile

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.