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

NEOS Nasdaq 100 High Income ETF (NASDAQ:QQQI) shares reached a new 52-week high during 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 company has a market cap of $11.29 billion, a PE ratio of 32.88 and a beta of 0.91. The company has a 50-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 disclosed a monthly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 22nd were paid a $0.6297 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This is an increase from NEOS Nasdaq 100 High Income ETF’s previous monthly dividend of $0.61. This represents a c) annualized dividend and a yield of 13.6%.

Institutional Trading of NEOS Nasdaq 100 High Income ETF

Several institutional investors have recently added to or reduced their stakes in QQQI. NewEdge Advisors LLC bought a new stake in NEOS Nasdaq 100 High Income ETF in the first quarter worth about $113,000. Captrust Financial Advisors bought a new stake in NEOS Nasdaq 100 High Income ETF in the second quarter worth about $296,000. CoreCap Advisors LLC lifted its stake in NEOS Nasdaq 100 High Income ETF by 17.4% in the third quarter. CoreCap Advisors LLC now owns 11,387 shares of the company’s stock worth $617,000 after purchasing an additional 1,687 shares during the last quarter. Capital & Planning LLC lifted its stake in NEOS Nasdaq 100 High Income ETF by 29.6% in the third quarter. Capital & Planning LLC now owns 6,123 shares of the company’s stock worth $332,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new stake in NEOS Nasdaq 100 High Income ETF in the third quarter worth about $404,000.

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.