NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sets New 1-Year High – What’s Next?

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

NEOS Nasdaq 100 High Income ETF Stock Up 1.4%

The business’s fifty day simple moving average is $52.14 and its two-hundred day simple moving average is $53.40. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 32.88 and a beta of 0.91.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 22nd were issued a $0.6297 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date of this dividend was Wednesday, April 22nd. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61.

Hedge Funds Weigh In On NEOS Nasdaq 100 High Income ETF

A number of institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 1,401.3% in the 1st quarter. Parallel Advisors LLC now owns 5,615 shares of the company’s stock valued at $279,000 after acquiring an additional 5,241 shares during the period. FSA Advisors Inc. increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 9.6% in the 1st quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock valued at $3,017,000 after acquiring an additional 5,306 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of NEOS Nasdaq 100 High Income ETF in the 1st quarter valued at $232,000. Capital Planning LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 3.2% in the 1st quarter. Capital Planning LLC now owns 9,617 shares of the company’s stock valued at $478,000 after acquiring an additional 295 shares during the period. Finally, Bogart Wealth LLC increased its holdings in shares of NEOS Nasdaq 100 High Income ETF by 2,465.5% in the 1st quarter. Bogart Wealth LLC now owns 17,599 shares of the company’s stock valued at $874,000 after acquiring an additional 16,913 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.