NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) Sets New 12-Month High – Here’s What Happened

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.07 and last traded at $57.07, with a volume of 2161234 shares. The stock had previously closed at $56.85.

NEOS Nasdaq 100 High Income ETF Stock Up 0.5%

The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 32.88 and a beta of 0.91. The business’s 50 day simple moving average is $53.31 and its 200-day simple moving average is $53.53.

NEOS Nasdaq 100 High Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 22nd. Shareholders of record on Wednesday, May 20th were paid a dividend of $0.6589 per share. The ex-dividend date was Wednesday, May 20th. This is a positive change from NEOS Nasdaq 100 High Income ETF’s previous dividend of $0.64.

Institutional Investors Weigh In On NEOS Nasdaq 100 High Income ETF

A number of large investors have recently bought and sold shares of the company. Chung Wu Investment Group LLC grew its stake in NEOS Nasdaq 100 High Income ETF by 15.0% during the fourth quarter. Chung Wu Investment Group LLC now owns 114,456 shares of the company’s stock worth $6,165,000 after buying an additional 14,940 shares in the last quarter. SG Americas Securities LLC acquired a new stake in NEOS Nasdaq 100 High Income ETF during the first quarter worth about $3,727,000. PSI Advisors LLC grew its stake in NEOS Nasdaq 100 High Income ETF by 48.9% during the fourth quarter. PSI Advisors LLC now owns 68,777 shares of the company’s stock worth $3,704,000 after buying an additional 22,593 shares in the last quarter. FSA Advisors Inc. grew its stake in NEOS Nasdaq 100 High Income ETF by 9.6% during the first quarter. FSA Advisors Inc. now owns 60,716 shares of the company’s stock worth $3,017,000 after buying an additional 5,306 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in NEOS Nasdaq 100 High Income ETF by 667.6% during the third quarter. NewEdge Advisors LLC now owns 52,887 shares of the company’s stock worth $2,866,000 after buying an additional 45,997 shares in the last quarter.

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.